Startups demand GST simplification, faster processing in upcoming year. Chinese investment in Indian startups surged 94% this year.
Start It Up: Startups have a list of demands to ask the government to address in the coming year. These include faster processing of Tax Deducted at Source and GST refunds and taxing of employee stock ownership plans only at the time of sale. Other demands are for a single GST registration that works across states, easier processing for procuring services from abroad and penalising institutions that don't pay startups on time. Read more here.
With Love, From Shanghai: 2019 was a year when Chinese investment in Indian startups erupted. Investments from the Middle Kingdom surged 94% this year to $3,918m from $2,020 in the previous year.
The nature of funding changed too. While previously it was defined by technology majors investing in unicorns, now it is led by financial investors looking to diversify their portfolio or picking up stakes in promising start-ups for long-term commitments. BS
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