{"id":692,"date":"2021-02-17T06:58:42","date_gmt":"2021-02-17T06:58:42","guid":{"rendered":"https:\/\/www.gstrobo.com\/blog\/?p=692"},"modified":"2021-09-09T10:04:46","modified_gmt":"2021-09-09T10:04:46","slug":"all-about-regulatory-compliance-portal","status":"publish","type":"post","link":"https:\/\/www.gstrobo.com\/blog\/all-about-regulatory-compliance-portal\/","title":{"rendered":"All About Regulatory Compliance Portal"},"content":{"rendered":"\n<p>On 20th January 2021,&nbsp;DPIIT&nbsp;(Department for Promotion of Industry and Internal Trade)&nbsp;introduced&nbsp;the regulatory compliance portal with the motive to reduce the compliance burden of taxpayers and businesses.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What is Regulatory Compliance?&nbsp;<\/h3>\n\n\n\n<p>Compliance in general means adhering to a policy, standard, or law framed by the government. Regulatory compliance means the objective that organizations try to accomplish in their endeavor to ensure that they comply with relevant laws, policies, and regulations. Businesses are using different compliance solutions such as <a href=\"https:\/\/www.gstrobo.com\/blog\/6-points-to-consider-while-picking-e-invoicing-provider\/\" target=\"_blank\" rel=\"noreferrer noopener\">GST<\/a> software, <a href=\"https:\/\/www.gstrobo.com\/blog\/scope-of-e-invoicing-mandate-extended\/\" target=\"_blank\" rel=\"noreferrer noopener\">e-invoicing<\/a> software, etc., to&nbsp;stay up-to-date and stay compliant with&nbsp;the increasing number of compliance. These compliance solutions help the businesses to stay compliant with all the governance requirements.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/www.gstrobo.com\/blog\/wp-content\/uploads\/2021\/02\/all-about-regulatory-compliance-portal.png\" alt=\"All About Regulatory Compliance Portal\" class=\"wp-image-782\" srcset=\"https:\/\/www.gstrobo.com\/blog\/wp-content\/uploads\/2021\/02\/all-about-regulatory-compliance-portal.png 800w, https:\/\/www.gstrobo.com\/blog\/wp-content\/uploads\/2021\/02\/all-about-regulatory-compliance-portal-300x169.png 300w, https:\/\/www.gstrobo.com\/blog\/wp-content\/uploads\/2021\/02\/all-about-regulatory-compliance-portal-768x432.png 768w, https:\/\/www.gstrobo.com\/blog\/wp-content\/uploads\/2021\/02\/all-about-regulatory-compliance-portal-480x270.png 480w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">What is Regulatory Compliance Portal?&nbsp;<\/h3>\n\n\n\n<p>Regulatory compliance portal is a first-ever portal launched by DPIIT that will act as an online repository containing information about central-level and state-level compliance. The regulatory compliance portal will also act as a link between taxpayers and the Government to lessen the compliance burden.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why is Regulatory Compliance Portal Introduced?&nbsp;<\/h3>\n\n\n\n<p>Department for Promotion of Industry and Internal Trade&nbsp;(DPIIT)&nbsp;introduced the regulatory compliance portal to address the following three issues:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Ease the compliance burden in Central and State acts;&nbsp;<\/li><\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\"><li>Simplify the citizen-government interface; and&nbsp;<\/li><\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\"><li>Removal of Acts and regulations which do not add value.&nbsp;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">How will Regulatory Compliance Portal Work?&nbsp;<\/h3>\n\n\n\n<p>Industry experts from trade bodies such as FICCI, CII, and ASSOCHAM will submit their views regarding compliance and propose recommendations if any.&nbsp;<\/p>\n\n\n\n<p>Then the concerned authorities will assess the recommendations.&nbsp;<\/p>\n\n\n\n<p>Department for Promotion of Industry and Internal Trade&nbsp;(DPIIT)&nbsp;will then take steps to eliminate compliances that have an adverse impact on the time and cost of businesses.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Benefits of&nbsp;Regulatory Compliance Portal&nbsp;<\/h3>\n\n\n\n<p>Regulatory Compliance Portal will&nbsp;be beneficial to both taxpayers and government in following ways:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Enhance the&nbsp;ease of doing business in India&nbsp;&nbsp;<\/li><\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\"><li>Remove&nbsp;the unnecessary burden of compliance&nbsp;<\/li><\/ol>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\"><li>Promote the government\u2019s motto- \u201cAtma&nbsp;Nirbhar&nbsp;Bharat\u201d&nbsp;<\/li><\/ol>\n\n\n\n<h3 class=\"wp-block-heading\">How Can\u00a0GSTrobo\u00ae Help\u00a0You?\u00a0<\/h3>\n\n\n\n<p>GSTrobo\u00ae a division of Binary Semantics Ltd. is a one-stop GST compliance software providing industry-leading\u202f<a href=\"https:\/\/www.gstrobo.com\/products\/gst-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">GST<\/a>,\u202f<a href=\"https:\/\/www.gstrobo.com\/products\/e-way-bill-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">e-way bill<\/a>, and\u202f<a href=\"https:\/\/www.gstrobo.com\/products\/e-invoicing-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">e-invoicing<\/a>\u202fsoftware. These solutions not only seamlessly integrate with all the ERPs but also automates most of your GST process. So, choose\u00a0GSTrobo\u2122 to stay GST compliant.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 20th January 2021,&nbsp;DPIIT&nbsp;(Department for Promotion of Industry and Internal Trade)&nbsp;introduced&nbsp;the regulatory compliance portal with the motive to reduce the compliance burden of taxpayers and businesses.&nbsp; What is Regulatory Compliance?&nbsp; Compliance in general means adhering to a policy, standard, or law framed by the government. Regulatory compliance means the objective that organizations try to accomplish &hellip; <\/p>\n","protected":false},"author":1,"featured_media":782,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"ub_ctt_via":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[68],"tags":[205,203,204],"class_list":["post-692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gst","tag-dpiit","tag-regulatory-compliance","tag-regulatory-compliance-portal"],"aioseo_notices":[],"featured_image_src":"https:\/\/www.gstrobo.com\/blog\/wp-content\/uploads\/2021\/02\/all-about-regulatory-compliance-portal.png","author_info":{"display_name":"GSTrobo","author_link":"https:\/\/www.gstrobo.com\/blog\/author\/gstblog\/"},"_links":{"self":[{"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/comments?post=692"}],"version-history":[{"count":3,"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/692\/revisions"}],"predecessor-version":[{"id":1394,"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/posts\/692\/revisions\/1394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/media\/782"}],"wp:attachment":[{"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/media?parent=692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/categories?post=692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gstrobo.com\/blog\/wp-json\/wp\/v2\/tags?post=692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}