PAN 2.0 F&Q: The Union Cabinet on Monday approved the PAN 2.0 project to upgrade the PAN card. PAN cards will now be issued with QR code. In such a situation, the question arises that how will those who have old cards get a new PAN card with QR code? Will they have to apply again? Here are the answers to these questions arising in your mind..
Union Minister Ashwini Vaishnav said that there is no need to change the PAN number. Rs 1,435 crore will be spent on this project.
Will you get a new PAN card?
Yes, you will get a new PAN card. Existing PAN card holders will not need to change anything or apply for a new card.
What new facilities will you get in the new PAN card?
According to Vaishnav, the new card will have features like QR code. The government aims to enable the PAN 2.0 project under Digital India. This will make PAN eligible as a common identifier for all digital systems of government agencies.
Do you have to pay for PAN upgradation?
No. Ashwini said that PAN upgradation will be free and it will be delivered to you.
Why there was a need to issue a new PAN card
Vaishnav said, till now the software operating the PAN card is 15 to 20 years old, which has many problems. Under the new system, all the arrangements related to PAN card will be prepared digitally, so that complaints can be resolved on time.
What this means for taxpayers
About 78 crore PANs have already been issued. 98% of them are held by individuals. The PAN 2.0 project will improve the taxpayer experience through faster services and efficiency. Easy taxpayer registration and services will be available for faster processing.
what will be the benefit
The new system aims to upgrade the current PAN/TAN 1.0 eco-system, consolidate core and non-core PAN/TAN activities and PAN verification service. Explaining the benefits of PAN 2.0, Vaishnav said, “The grievance redressal system is being updated. To protect the data, the PAN data vault system is being set up. Having a unified portal will eliminate the need to visit other portals.”
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