Companies may get all approvals with only PAN on new portal

What’s in today’s article?

• Why in News?
• About NSWS (Purpose, Features, Implementing authority, etc.)
• News Summary

 

Why in News?

• From next year businesses may just need to fill in their PAN (Permanent Account Number) details on the “national single window system” (NSWS) portal to get approvals for new projects, buying land, licence renewals and subsequently to file all returns.

 

What is National Single Window System?

• The National Single Window System (NSWS) is a digital platform to guide a person in identifying and applying for approvals according to his/her business requirements.
• The aim of the NSWS is to serve as a digital platform that acts as a guide for investors to identify and to apply for approvals as per their business requirements.
• Objectives of NSWS
  • To establish a single-window mechanism by integrating the services provided by various Central Ministries, Departments, and State Governments;
  • To provide a one-stop-shop for procuring pre-establishment and pre-operation approvals and permits required to establish a business in India;
  • To provide efficient, convenient, transparent, and integrated electronic service to investors, industries, and businesses;
  • To provide a uniform and seamless experience to the business user.
• Working of NSWS
  • The NSWS brings together several State Governments, Central Ministries, and Departments onto one platform.
  • It provides a one-stop solution to investors to apply for approvals and registrations required during the pre-establishment and pre-operation stages of setting up a business in India.
  • Filling the PAN (Permanent Account Details) number will auto populate the required forms and only current figures will need to be entered.
• Who manages NSWS Portal?
  • Invest India, under the guidance of the Department for Promotion of Industry and Internal Trade (DPIIT), manages the NSWS.

 

News Summary

• From next year businesses may just need to fill in their PAN details on the “national single window system” (NSWS) portal to get approvals for new projects, buying land, licence renewals and subsequently to file all returns.

 

Key highlights

• A large number of Central government departments and state/union territories have onboarded the NSWS.
  • As of now, 27 central departments and 19 state/UTs have onboarded NSWS.
• This will be a major boost for ease of doing business.
• Certain policies like vehicle scrapple, ethanol and leather development are being completely implemented through this system.
• Going forward, government is looking at having approvals for inspections, country of origin, export promotion council and PLI applications on the platform.
• This is expected to expedite clearances and auto escalate any deficiencies, if any, in the applications.
• The portal will eventually start sending reminders also for pending compliances.

 

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Q1) How do you use the national single window system?

An investor is required to register on the National Single Window System (NSWS) using their email ID and mobile number. Once they complete the registration process, they can apply for pre-establishment and pre-operation approvals given by the Ministries/ Departments/ States that are part of the NSWS.

 

Q2) When was Invest India founded?

Invest India, set up in 2009, is a non-profit venture under the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India.

 

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