DPIN consolidation halts LLP registrations until incorporation and identity forms are integrated and reissued.
Registration of Limited Liability Partnerships is suspended because the standalone DPIN application has been withdrawn pending integration into the final incorporation filing; without DPIN issuance through the former process and without updated incorporation forms reflecting the merged procedure, prospective registrants cannot obtain the required DPIN and thus cannot complete LLP incorporation. (AI Summary)

Corporate tax reform expands reduced rate, extends startup benefits and adjusts MAT carryforward period and registration fees for private companies.
The budget reduces the corporate tax rate for a broad class of companies to enhance competitiveness and investment while retaining Minimum Alternate Tax but extending MAT credit carryforward. It broadens startup tax benefit eligibility by extending the incorporation window, raising the turnover threshold for benefit applicability, and enlarging the definition of qualifying businesses to include innovation-driven or scalable models. Administrative measures waive or reduce private company registration fees, limit charges largely to stamp duty, and promote incorporation via the SPICe form. (AI Summary)

Zero-rated supply: exporters retain input tax credits and claim refunds under GST, enhancing international competitiveness.
Exports are designated zero-rated supply under GST, enabling exporters to either export under bond or LUT without payment of IGST and claim refund of unutilised input tax credit, or export after payment of IGST and claim refund pursuant to the Refund Rules; shipping bills must contain GST invoice details and refund applications are filed electronically. IGST applies to imports as inter state supplies alongside customs duties, and the broadened input tax credit mechanism offsets formerly cascading state levies, reducing input costs and improving export competitiveness. (AI Summary)