Merchants selling goods through e-Commerce platforms and companies, supplying goods and services to various government agencies, have got more time to prepare for a system of tax collected at the source with the government on June 26, deferring enforcement of this requirement under the goods and …
Govt to set up workspace for start-ups in Mangaluru
India’s first government-owned co-working space for start-ups is set to come up in Mangaluru, offering cutting-edge technology such as 3D printing and new-age digital infrastructure, such as high-speed Internet. “We felt there was a great dem and for a co-working space in Mangaluru. Many start-up…
Small businesses grapple with GST compliance
With less than a week to go for the new indirect tax regime to kick in, small businesses are trying to understand the modalities of the goods and services tax (GST) as the compliance burden for them is set to significantly rise. Making a relaxation for small businesses, rules allow those with an …
4 days to GST: Firms stumble upon last-mile challenges
In the last-minute rush for GST-compliance businesses are stumbling upon challenges ranging from accountants’ fees to the need for new email IDs. At a meeting of small and medium enterprises (SMEs) in Noida last week, a businessman said his chartered accountant had increased fees from Rs 5,000 to…
Hyderabad-based HUG Innovations raises $5 m in series A at TiE-Hyderabad event
Hyderabad-based HUG Innovations has raised $5 Mn in Series A funding round during a live instant funding event organised by TiE Hyderabad – The Guardian Angel. The round was led by Mohit Srivastav (NRI Startup India ), Kishore Ganji ( Angel Investor), Venkat Vallabhaneni (Parampara Capital), and …
Personal styling start-up Fabulyst raises Rs 1.4 cr in seed round from iBhubs
As the industry is moving from offline to online, none of the above is being catered. Even the biggest fashion stores offer only the collection of apparels and rest is for the customers to figure out. Fabulyst is a deep tech solution in fashion commerce. The technology emulates a personal stylist…
GST: An idea whose time has come!
We are now just days away from the rollout of the goods and services tax (GST) on July 1 — the most ambitious indirect tax reform ever attempted in modern India. Yes, the design is far from perfect (given the multiplicity of rates), yet it is a visionary idea on which, amazingly, there is politic…
Coir Board plans collaborative project in Australia
Coir Board is all set to enter into collaboration with an Australian University and Australian Research Council for research and commercial usage of coir geo textiles developed by India, according to Coir Board Chairman, C P Radhakrishnan. The Cochin University of Science and Technology (CUSAT) w…
Can agri-based start-ups transform the rural economy?
Earlier this year (2017), two India-based agri-technology (AgTech) start-ups hit the headlines for raising millions in funding from private equity firms. AgroStar, which provides agricultural inputs directly to farmers, raised $10 million, and RML AgTech, which offers smart farming solutions, rai…
GST implementation won’t trigger price rise, says Nirmala Sitharaman
Allaying apprehensions that GST (Goods and Services Tax), to be rolled out from July 1, will cause negative growth and confusion, Union Minister of State for Commerce and Industries Nirmala Sitharaman said the GST will not trigger a price rise. In fact, it will bring down the prices besides accru…