5 ways in which GST will affect Startups:
GST and Startups are two terms in India that are at its peak of talk. These terms have influenced every sector of the country. But why? Why are GST and Startup so important today? This is because they are bringing revolution to the country's economy. It has influenced every sector so deep that the government itself has announced a scheme that is "Startup India Standup India" in 2015 to encourage the emerging startups and also the Startups of the country. But are these two terms connected? Do these terms influence each other? Yes! They do. After the roll out of GST on , with the other industries being affected, Startup industry also will be affected in the vital terms.
Let's look at the ways in which GST is expected to affect startups:
About the author: Srishti Sharma is a co-founder of automaxis. automaxis understan
d this emerging need and hence we are developing an enterprise automation platform for B2B and B2C focused SMEs and Startups on eradicating all the manual processes of manual tax filing, invoice processing at different levels and payments with a secret sauce of business intelligence and machine learning.