The Indian Government has presented a new project by the Income Tax Department – PAN 2.0 – the improvement of the PAN card with QR code. This Food and Consumer Affairs initiative is in synch with the core Ministries’ Digital India project that reformals taxpayer services with enhanced automation and safekeeping. The overall goal of this e-government project is to transform this existing PAN/TAN 1.0 environment by integrating core and non-core PAN/TAN operations and introducing new PAN validation services. In this blog, you’ll get to know about how to get new pan card with qr code​.

PAN 2.0 is aimed at redesigning the taxpayer registration services which will transform the PAN/TAN services through technological solutions. This will greatly improve the interactive and digital experience of the core user, the taxpayer.

Government’s Investment and Objectives

The government has allocated ₹1,435 crore to the PAN 2.0 project, aiming to provide the following advantages:

• Single Source of Truth: Ensuring consistency and accuracy in taxpayer data.
• Eco-Friendly Processes: Eliminating paperwork to promote sustainability.
• Cost and Security Optimization: Enhancing efficiency while safeguarding sensitive information.
• Infrastructure Optimization: Increasing agility and service quality through upgraded systems.
• Ease of Access: Delivering quicker and better-quality services via a fully online and paperless platform.

Union Minister Ashwini Vaishnaw proceeded to say ‘The grievance redressal system is one of our focus areas and to ensure that queries and concerns of taxpayers are addressed,’

What is PAN 2.0?

The current PAN system is enhanced to become PAN 2.0 which merges on a single system for PAN as well as TAN and TIN. It focuses on correctness, time, and resource optimization, in concordance with the Digital India movement. Key features of the system include:

• Everything related to PAN must be available on a single website.
• Automated approaches that enable coordination and approval without the use of documents.
• Strategies to enhance the security of taxpayers’ information from cyber threats.
• Fewer barriers to entry to reduce bureaucratic procedures.

Benefits of PAN 2.0

Taxpayers can look forward to several benefits with the introduction of PAN 2.0:

1. Faster Processing: Reduced wait times for applications and updates.
2. Data Consistency: A unified database ensures fewer errors and seamless record maintenance.
3. Free Upgrades: Current PAN cardholders can upgrade to PAN 2.0 without any additional costs.
4. Sustainability: Paperless processes promote environmental conservation.
5. Enhanced Security: Strong technological safeguards protect sensitive taxpayer information.
6. Efficient Grievance Redressal: Faster responses to taxpayer queries and complaints.

Despite its longstanding use, the current PAN/TAN system lacks the technological advancements required for modern tax administration. PAN 2.0 aims to bridge this gap.

How to Apply for PAN 2.0?

Government authorities for Income Tax have not released the application process for PAN 2.0. But it has been made clear that those persons, who possess PAN cards already, are not required to submit fresh PAN number applications. Instead, they will be able to elect to migrate their existing card data to the new PAN 2.0 form.

Is a New PAN Card Application Necessary?

However, it is important to note here that the PAN cards that are already in existence will be accepted up to the completion of the process for their cancellation. The new PAN 2.0 card gives taxpayers an option to enjoy improved features such as the use of a QR code in processing the card. Union minister Ashwini Vaishnaw stated this week that the new upgrade would be rolled out free of cost for consumers.

Conclusion

PAN 2.0 has great potential to facilitate the modernization of the tax administration system in India as a whole. Making use of advanced technologies, the project guarantees the necessary quality, security, and environmental performance regarding taxpayers’ experience. This covers features like having the option of a PAN card with a QR code, much-improved processes, and a sturdy grievance handling mechanism, PAN 2.0 is all set to change the face of this sector where taxpayers deal with the Income Tax Department.

To gather the latest news about PAN 2.0, one must check the Income Tax Department.