CBIC adds One Person Company in FORM GST REG-01

The Central Board of Indirect Taxes and Customs (CBIC) has added One Person Company in FORM GST REG-01 via issuing a notification.

The concept of a  One Person Company has achieved popularity in India. It allows a single individual to operate a company without requiring a partner. The government eases this process for individuals to register their OPC under GST by simplifying the process of registration.

The official notification stated:

In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:

These rules may be called the Central Goods and Services Tax (Fourth Amendment) Rules, 2023.

Save as otherwise provided in these rules, they shall come into force on the date of their publication in the Official Gazette.

For Official Notification Download The PDF Given Below: