Increasingly, the government has been bringing various regulatory services under a single platform for ease of doing business. In the MCA21 portal, the ministry offers various services like getting a permanent account number (PAN), bank account and GST registration while applying for incorporation of a business in one go, a government official said on condition of anonymity. The ministry is increasingly adopting the model of ‘faceless’ and centralised decision-making followed by the income tax department in income assessments and handling appeals. The corporate affairs ministry introduced a centralised processing centre for the voluntary winding up of companies in April. Separately, the ministry has taken up a review of all regulations this month with the idea of reducing the cost of doing business in consultation with the business community.

Source: Mint October 26, 2023 11:05 UTC