The cabinet led by Prime Minister Narendra Modi has announced the implementation of PAN 2.0 project last Monday. In such a situation, many people are wondering whether they will have to apply for PAN card again. So understand clearly here that it is not mandatory to apply. Yes, if you want to upgrade your PAN card, you can do it. According to Union Minister Ashwini Vaishnav, the Cabinet has approved the Rs 1,435 crore PAN 2.0 initiative, which ensures that your existing PAN remains valid even as the system undergoes a significant digital transformation, Economic Times reported. Have been.
Upgrade will be available for free
According to the news, the government has said that upgradation including adding QR code in PAN will be made available free of cost to all taxpayers. The initiative is in line with the government’s Digital India vision, which makes Permanent Account Number (PAN) the common business identifier in digital systems managed by government agencies. According to the government, the common taxpayer will benefit from the PAN 2.0 initiative.
Objective of PAN 2.0 initiative
The objective behind the PAN 2.0 project being launched by the government is to improve the taxpayer experience through faster services and better efficiency. Through this project, easy taxpayer registration and service will be available for instant process. It also aims to act as a single source of truth for integrated information in the system. Under this initiative, paperless system and cost effective infrastructure will be created.
