What is PAN 2.0? How does it differ from the old one?

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What is PAN 2.0? How does it differ from the old one?


The Centre has announced that it is all set to introduce PAN 2.0 — a revamped PAN that will come with a QR code feature, enabling quick scans and full online functionality. The project will also make permanent account number a ‘common business identifier’ for all government agencies’ digital systems

What is PAN 2.0? How does it differ from the old one?
The Cabinet ensures that a citizen's existing PAN remains valid, despite the significant digital transformation. Representational Image/News18

Union Minister Ashwini Vaishnaw announced on Monday that the government was all set to introduce PAN 2.0.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the Income Tax Department’s PAN 2.0 Project.

The project will make the permanent account number a “common business identifier” for all government agencies’ digital systems.

The move is in line with the central government’s flagship programme, Digital India.

Here’s all we know about the new development.

What is the PAN 2.0 Project?

Permanent Account Number (PAN), introduced in 1972 under Section 139A of the Income Tax Act, serves as a unique taxpayer identification number.

The PAN 2.0 Project represents a tech-driven upgrade to this decades-old PAN/TAN services system.

It is an e-governance initiative for re-engineering the business processes of taxpayer registration services.

The government will spend Rs 1,435 crore on the project that is aimed at enhancing taxpayer registration services.

The revamped PAN will come with a QR code feature, enabling quick scans and full online functionality. This is a significant step towards an economic system that is entirely digital, secure, and effective.

How will this benefit taxpayers?

The PAN 2.0 Project aims to enhance the taxpayers’ digital experience through ease of access, faster services and improved quality.

The new PAN will function as a universal identifier for business-related engagements across specified domains.

Aligned with the government’s Digital India initiative, the project adapts an eco-friendly approach by using paperless systems and cost-optimised infrastructure.

It also offers enhanced security with upgraded digital infrastructure for better agility and protection.

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