Let's live up to our reputation as the "startup capital of the world" and create a truly conducive ecosystem that empowers these innovators to dream big and build even bigger.
🤝🌱 It's time for a transformation in how we treat startups in our country. We need to recognize the significance of ESOPs and promote policies that foster a favorable environment for their seamless exit and liquidation. A reevaluation of such practices can foster a more vibrant startup landscape.ħ️⃣📈 Encouraging entrepreneurship is vital for economic growth and job creation. Taxation on investments can limit the financial influx and hinder their expansion potential. Considering a lower TDS rate or implementing a mechanism for early adjustment would provide some much-needed cash flow support to these enterprises.Ħ️⃣💡 Startups thrive on investments, and each funding round should be viewed as a stepping stone towards their growth. Establishing proper guidelines to hold such entities accountable and ensuring they fulfill their obligations will protect startups from shouldering the burden of others' negligence.ĥ️⃣💸 The current TDS rate of 10% can lead to a liquidity crunch for startups, affecting their operational capabilities. Simplifying compliance procedures or providing temporary relief during the initial phases could lighten this load.Ĥ️⃣🛡️ Dealing with GST evaders can be a daunting task for startups.
Tailoring the tax rates to match the specific needs and challenges faced by startups could go a long way in supporting their journey to success.ģ️⃣💼 For startups in their nascent stages, the recurring cost of maintaining a Chartered Accountant (CA) for GST compliance, even with zero revenue, can add unnecessary financial burden. A more flexible and progressive approach could provide the much-needed breathing space for startups to grow.Ģ️⃣📊 The flat 18% GST rate for services might not be suitable for all startups, considering their diverse nature and stages of development. Collecting taxes, including GST, before a company even cuts its first paycheck can be a significant hurdle for early-stage businesses. Let's address some critical pain points that hinder their growth and discuss the need for positive changes:ġ️⃣📈 It's high time we rethink the taxation policies for startups. 🤔 As an entrepreneur and a firm believer in the power of startups, I can't help but express my thoughts on how we can create a more encouraging and nurturing ecosystem for these budding ventures. #Startups #Entrepreneurship #TaxReforms #MakeADifference 💡🚀 Unlocking the True Potential of Startups: Time for Positive Change! 💼💰 I completely empathize with you Brij Singh
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