reform excise VAT for start up India
99% of smes/ startups that have product to sell face VAT issues. Start up India or entrepreneurs cannot be successful till these state tax depts or depts like excise are reformed.
What is the commerce and finance ministry doing in this regard? more
What is the commerce and finance ministry doing in this regard? more
Viewed by 1035
True, this is an important issue to be addressed ASAP. The Industrial development departments can think of a Startup Kit comprising of provisional licenses required for that business Such as VAT, SSI etc., valid for 6 months. Startups will have some time to understand the business and to comply with state regulations for permanent registration. VAT brings revenue to the government so there should be no arm twisting or bribe to get the registration. more
Jul 18
Hi Guys, I have a different view. Atleast for Maharashtra. Recent changes such as- 1. Vat officer doesn't visit offices thus no neef to bribe them 2. There is a TAT of 2 days for issuing registration and they call u to discuss the deficiency Well the bad part is deposit of Rs. 30000. If any wants assistance lemme me know. Most govt dept now have tat. more
Jul 17
They are doing nothing to improve it. Infact they are making it more difficult day by day. more
Jul 17
I agree hundred percent with Vishal. The sooner the GST like structure is brought in the better. But it should be as simple as possible for a layman to understand. As of now, entrepreneurs spent a huge amount of their creative energy in tackling the maze of complicated Excise, VAT and other rules. more
Jul 17
