Indian businesses have used a pen-and-paper mechanism for keeping records for over 60 years now, and GST has toppled the proverbial apple cart in a big way. Small businesses who have never used an invoicing or return-filing software before now have to use digital solutions.
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ClearTax, India’s largest income tax returns e-filing and enterprise compliance service provider, has launched a billbook software to assist small and medium businesses (SMEs) in the country get GST-ready. The GST Billbook is a free of cost software platform that works both online and offline and…
The Indian IT industry is chasing a $1 billion opportunity with the advent of the GST regime, at a time when the sector is going through a bad patch with a slowing demand environment. Industry observers feel that the GST roll-out will provide the sector an opportunity akin to the Y2K phenomenon, …
The much-awaited Goods and Service Tax (GST) Bill will soon be a reality. The central government is taking every possible effort to rollout the new tax regime by July 1, 2017. The tax officials of the central and state governments will this week hold their maiden meeting on devising a formula fo…
Fintech startup Cleartax has lined up a USD 5-million investment to develop and roll out systems for Goods and Services Tax (GST) by April 1, 2017. According to a report the Gurugram-based platform has been brought on to the government’s not-for profit entity GST Network as a GST Suvidha Pr…
The sheer number of SMEs in India has made them an attractive community for startups to target for business, with many companies increasingly focusing their attention on them and working to rope them in through incentives and value-added services. Online marketplace ShopClues, which hosts half a …
Talent recruitment firms are scouting for business from smaller start-ups that have recently raised funds to fuel growth, diversifying away from larger consumer Internet clients that have frozen hiring amid a funding slowdown, industry executives said. Talent recruitment firms such as Wenger &…
The equalisation levy or popularly known as ‘Google tax’ which came into effect from June 1 is set to have an impact on the operations of Indian start-ups with higher financial burden and administrative overload. Start-ups which are highly dependent on online platforms like Google, Facebook, Twit…
Financial technology startup Defmacro Software, which owns and operates online tax returns filing platform ClearTax, has raised $2 million (Rs 13.3 crore) from FF Angel, the angel investing arm of Peter Thiel-led Founders Fund, and Sequoia Capital. The five year-old company will use the proceeds …
Government should provide 1-3 years of tax and compliance holiday for startups under its ambitious ‘Start Up India’ initiative, young entrepreneurs said. Prime Minister Narendra Modi will launch the programme on January 16 to benefit technology-centric startups in sectors like healthc…
