India, March 3 -- The Rating (Exemption) Order 2021 and the Revenue (Reduction of Business Registration Fees and Branch Registration Fees) Order 2021 will be gazetted on March 5. The two orders seek to implement one-off rates concessions and waiver of business registration fees proposed in the 2021-22 Budget given the current economic difficulties.
The 2021-22 Budget has proposed to waive rates for four quarters of 2021-22. For domestic tenements, the concession ceiling is $1,500 per tenement per quarter for the first two quarters, and $1,000 per tenement per quarter for the remaining two quarters. The ceiling for non-domestic tenements is $5,000 per tenement per quarter for the first two quarters, and $2,000 per tenement per quarter for t...