TagTaxation

Implications of GST Bill on Startups

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The much-hyped Goods and Services Tax (GST), after years of stagnation and lack of political consensus, was finally passed in the upper house of the Parliament, the Rajya Sabha, on 4th August this year, almost a decade after it was first introduced in the Lok Sabha in the year 2006-07. It is the biggest indirect tax reform post economic liberalization of 1991. The economists say, a double-digit...

Taxation and “Digital Economy”

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Background There two precursor blogs recently published to this new article on taxation of digital economy, which are helpful in understanding the context for Software product industry in general and especially for SaaS. ‘SaaS’ – the product advantage and need ‘SaaS’ – indirect tax issues in India Here is a brief overview. The first blog, made a case for SaaS industry to be a formidable part of...