Chandigarh, Jan. 18 -- The Punjab Vidhan Sabha has passed The Right to Business Bill, 2020, and The Punjab Goods and Services Tax (Amendment) Bill, 2020 (replacing ordinance) which will facilitate business for Micro, Small and Medium Enterprises (MSMEs).
The Right to Business Bill, which was passed on Friday, will help the MSMEs in the State to get a big relief from the tedious process of getting regulatory approvals before setting up of the units.
The bill is aimed at easing the regulatory burden on newly incorporated MSMEs by providing enabling provision of self-declaration, besides exemption from certain approvals and inspections for establishment and operations of MSMEs in Punjab.
It would encompass various regulatory services, in...