Startups’ Body IndiaTech.org Seeks Changes In Direct, Indirect Tax Regimes In FY24 Budget

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Inc42 3 mo ago

Startups’ Body IndiaTech.org Seeks Changes In Direct, Indirect Tax Regimes In FY24 Budget - Inc42

Quick Summary:

Due to a high GST rate many in this offline business are not desirous of partnering with startups in this space leading to a grey market economy,” the industry body said.

In its submission, the industry body pointed out that both central and state officials are empowered to investigate companies on GST liabilities under the CGST Act and respective state GST Acts.

The post Startups’ Body IndiaTech.org Seeks Changes In Direct, Indirect Tax Regimes In FY24 Budget appeared first on Inc42 Media.