Startups seek changes in direct and indirect tax rules

New Delhi, Dec 10 (KNN) A startup industry body, IndiaTech.org has requested the government to tweak some of the norms under the direct and indirect taxes currently applicable on startups across sectors. 

This suggestion has been submitted ahead of the Budget for the upcoming financial year of 2023-24. 

The body also suggested rethinking some of these rules and restructuring these taxes, reported Money Control. 

“The government should make suitable amendments in law along with revised guidelines to ensure that there is single interface for all assessees basis turnover or any other basis and it should be followed by all GST authorities in letter and spirit,” the industry group said in its recommendations.

Some of the prominent startups that are IndiaTech.org members are MakeMyTrip, Nykaa, Ola, Policybazaar, Dream11, BharatMatrimony, CoinSwitch, WazirX, Zomato, Meesho, and PharmEasy.  (KNN Bureau)