Centre eases GST rules on post-sale discounts
The Central Board of Indirect Taxes and Customs (CBIC) has simplified the Goods and Services Tax (GST) registration process for Micro, Small, and Medium Enterprises (MSMEs). No longer will MSMEs be required to provide Udyam certificates or explain their residential operations. GST officials will process applications with successful Aadhaar authentication within seven working days, and tax demands must be supported by documentary evidence.
This move aims to reduce compliance hurdles and tax disputes, bringing greater certainty and standardisation in tax administration.
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- Centre eases GST registration norms for MSMEs economictimes.indiatimes.com
