#AutomaticGSTRegistration ✅

Ease of doing business for Genuine business and honest Taxpayers.

Now you could start your new business with #GSTIN in JUST 3 days 🚀

A thread 🧵👇
1/n With 🆕 process in place a taxpayer registering under GST can opt for Aadhaar authentication(AA), in which case registration is deemed to be granted within 3 days WITHOUT physical inspection of the premises.

Just 3 DAYS!!!
That's called the real speed of processing 🤘⌛
2/n

If the registration authority does NOT take any action (does NOT issue any SCN) within 3 days of successful AA, then the GST registration is DEEMED to be GRANTED.

#Automatic Registration with #AA
3/n In the process, Authorised signatory (all businesses), Managing and Authorised partners of a partnership firm and Karta of an HUF, applying for new registration, can opt for E-KYC authentication of their Aadhaar number.

#NewRequirement 🎯
4/n

Very importantly, AA is to be done for ALL Promoters/ Partners/ Authorized Signatories/ Karta etc. as mentioned in the application.
5/n

However Aadhar authentication process is OPTIONAL and not mandatory.

#YOUCHOOSE
6/n Still don't wanna opt for AA?

So now the time period could be upto 21 days & authorities can undertake PHYSICAL #verification of your place of business OR a detailed review of documents as required. 📑🗞🧾
This is definitively a very welcome move by @cbic_india for all #Startups and #Entrepreneurs in India 🇮🇳

End of thread. Stay tuned for another thread soon. 🔔
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