GST registration gets easier as CBIC drops Udyam proof, sets seven-day limit for approvals
Economic Times 1 hr ago·27 Oct 2026, 6:02 pm
The Central Board of Indirect Taxes and Customs (CBIC) has announced a significant simplification in the process for registering under the Goods and Services Tax (GST) regime. The new rules remove the requirement for businesses to submit Udyam certificates, a document linked to the MSME registration, during the application process. Additionally, the board has set a strict seven-day deadline for processing these applications, provided the applicant uses Aadhaar authentication for verification.
This policy shift is expected to streamline the onboarding of new businesses, particularly small and medium enterprises (SMEs) that previously faced hurdles due to documentation and administrative delays. By reducing the time taken for approvals and eliminating arbitrary rejections, the government aims to lower compliance costs and encourage more formalization of the economy. For investors, this move signals a continued push towards easing regulatory burdens, which can foster a more robust and transparent business environment in the long run.
Investors should monitor the implementation of these rules across states and the actual time taken for approvals. While the policy is positive for ease of doing business, the broader impact on the economy will depend on how effectively the tax administration enforces these new timelines and ensures that the reduction in disputes translates into higher compliance and revenue collection.
Excerpt from Economic Times
The Central Board of Indirect Taxes and Customs has issued clarifications regarding GST registration requirements for businesses. Companies will no longer need to provide Udyam certificates or face rejections due to unpaid bills. Registration applications must be processed within seven working days with Aadhaar…Read the original at Economic Times
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