GST Registration in 3 Days

The GST Council has approved a new streamlined registration process to allow small and new businesses to secure GST registration within three days. This initiative reduces bureaucratic hurdles, curbs fraudulent ITC claims, and eases compliance. A four-tier system categorizes businesses based on their risk profile and ITC needs. Aadhaar-based verification and flexible validity for Input Tax Credit ensure accessibility and efficiency. Amendments will be implemented in phases to ensure a smooth transition. The move aligns with India’s goals to enhance ease of doing business and support economic growth through better tax compliance and governance.