The Economic Times

GST registration for big businesses: Centre, states work on uniform documents for faster approvals

In a bid to enhance efficiency, tax authorities are crafting standardized guidelines for GST registration applications. This effort targets easing the process for businesses disbursing tax credits that surpass Rs 2.5 lakh each month. Negotiations with states are underway to unify the documentation and information required. Officials are also considering automation for the cancellation of GST registrations. The final recommendations will be presented to the GST Council for approval.