The economy is looking at a paradigm shift in the Indian indirect taxation regime with the government’s steady progress towards the roll out of the Goods and Services Tax (GST). The speed at which government is moving and the manner in which industry recommendations have been accepted and incorporated in the revised GST law released on 29 November, is commendable.
What is there for the venture capitalists (‘VC’) who have invested millions of dollars in the Indian startup companies? What do they need to know on GST and its impact on the prominent industries where substantial money has either already been pumped or is in the pipeline? This article aims to highlight few prominent sectors that are of interest to VCs highlighting how GST is likely to impact their margins, working capital needs and overall valuations.
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