Extending support to cutting edge technologies such as AI, digital platforms and data analytics, which are at the core of new-age businesses is a hugely welcome move. A single-window investment clearance cell and simplification of GST filing and reconciliation will lower costs for young businesses. Similarly, deferring taxes on ESOPs and 100% tax benefits to small and medium startups create an environment supportive for young risk-takers. Subject to implementation, we welcome these announcements.
(The writer is the founder & CEO, Kuvera.in)
(Published 01 February 2020, 12:02 IST)
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