Policy● Neutral for Indian equities
GST Council may let businesses apply for registrations across multiple states at once
The brief
- The Council plans to discuss a unified GST registration process
- A redesigned form would guide applicants and specify required documents
- Simpler registration could reduce compliance friction for businesses operating across Indian states
- Next phase of GST reforms to reach Council shortly, says FM Nirmala Sitharaman
- GST 2.0 may replace arrests with fines for tax defaulters
- Ease of biz relief in store for small ecomm sellers
- GST 2.0 aims to speed refunds, widen ITC and end arrests
- Next-gen GST: Taking India's reform journey forward