Relaxation in GST Registration

For Ease of Doing Business GOVT Announced Relaxation in GST Registration and Reserve Unique Names Will Be Available in 3 Days for new Business

New Delhi:-  If anybody wants to do a new business, then the government has made Relaxation in GST Registration, electricity connections, names.

According to the government, due to the exemption of business fees, many such important facilities have been provided so that it will be easier for them to do business.

The government has also started the facility of online power connection especially in the Delhi and Mumbai regions, starting the business. Here the businessmen will get electricity connection within 15 days after application.

No fees on Authorized Capital up to 10 lakhs

The Ministry of Corporate Affairs has decided not to take any kind of fee for the authorized capitalized company for up to Rs 10 lakh. That is, the businessman will not have to pay any fees for the company’s corporation.

At the same time, the ministry claims that the processor will be completed within one day. Apart from this, the businessman will now be able to reserve the unique name of the company at the time of Incorporation. Web-based service run (RUN) has been started for this.

Construction permit will get soon

Similarly, the procedure for permitting the company to make necessary construction infrastructure has been made easier. The businessman will get a permit in 60 days of all construction related work.

For building approval soon, it has been put in Risk-based classification category. Also, a single form and joint inspection facility has been started in the construction permit.

Relaxation in GST registration that will be available in 3 days

Likewise, the new businessman will be given Relaxation in GST registration number in maximum of three days. Apart from this, every month it will have to file returns only GSTR-1 and GSTR-3B. At the same time, traders with turnover of up to Rs 250 crore have to pay corporate taxes to 25% instead of 30%.

Online electricity connection in Delhi-Mumbai

Now the electric meter more than 100 KV will be available through online application in Mumbai and Delhi. There will be 3 processes for electrical connection and only 2 document identity proof and honorship proof will be given. Industrial and commercial connections will be available in 15 days.

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