In the Union Budget 2023, it was announced that for the business establishments required to have a PAN, the PAN will be used as the common identifier for all digital systems of specified government agencies.
The Cabinet Committee on Economic Affairs (CCEA) has approved the income tax department’s PAN 2.0 project, under which the 10-digit alphanumeric Permanent Account Number (PAN) will become a ‘common business identifier’ for all entities.
· CCEA approves Rs 1,435 crore PAN 2.0 project as common business identifier.
· PAN/TAN services to be on a single ITD portal for ease of business.
· Concerns remain on merging multiple business IDs for full impact.
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