Small and low-risk businesses will get GST registration within three working days as the GST department rolls out a simplified GST registration scheme for small and medium businesses from today (November 1).

Small and low-risk businesses applicants whom the Goods and Services Tax (GST) system identifies based on data analysis, or those applicants who self-assess that their output tax liability will not exceed Rs 2.5 lakh per month (inclusive of CGST, SGST/UTGST and IGST) will be able to opt for the scheme.

The GST Council, comprising Centre and state finance ministers, had in its September 3 meeting approved the simplified registration scheme.

The scheme will provide for voluntary opting into and withdrawal from the scheme.

Speaking at the CGST building inauguration at Ghaziabad, Finan

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