Now, Small And Low-Risk Businesses To Get GST Registration Within 3 Days

2025-11-02 02:05:28

(MENAFN- Kashmir Observer)
Representational Photo

New Delhi- Small and low-risk businesses will get GST registration within three working days as the GST department rolls out a simplified GST registration scheme for small and medium businesses from today (November 1).

Small and low-risk businesses applicants whom the Goods and Services Tax (GST) system identifies based on data analysis, or those applicants who self-assess that their output tax liability will not exceed Rs 2.5 lakh per month (inclusive of CGST, SGST/UTGST and IGST) will be able to opt for the scheme.

The GST Council, comprising Centre and state finance ministers, had in its September 3 meeting approved the simplified registration scheme.

The scheme will provide for voluntary opting into and withdrawal from the scheme.

Speaking at the CGST building inauguration at Ghaziabad, Finance Minister Nirmala Sitharaman had said that the simplified GST registration scheme from November 1 is expected to benefit 96 per cent of new applicants.

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