India spending $170M to take its tax system paperless by rebuilding three legacy systems
The initiative, called the "PAN 2.0 Project," was approved on Monday by the Cabinet Committee on Economic Affairs (CCEA), a government organization that evaluates proposals related to public investment, chaired by Prime Minister Narendra Modi.
Currently, the Permanent Account Numbers (PAN) database holds 780 million PANs and nearly 7.33 million Tax Deduction and Collection Account Numbers (TANs). PAN-related services are spread across three different platforms.
The project plan calls for PAN and TAN-related services currently accessed at multiple portals to be consolidated into a single platform, accompanied by an effort to digitize records.
"PAN 2.0 Project is a one-stop platform to comprehensively address issues/matters related to PAN and TAN, including application, updates, corrections, Aadhaar-PAN linking, re-issuance requests, and even online PAN validation," explained India's Ministry of Finance.
The process also results in PAN consolidating into a digital identifier to be used across government services, much like the UK's National Insurance or the US's Social Security numbers, or even like how India's already existing 12-digit Aadhaar was intended.
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