'Startups need more support in indirect taxes'

Startups need more support in indirect taxes, says Akshita Gupta

Credit: iSTOCK image

By Akshita Gupta

Compliances for startups is a major concern. Most young entrepreneurs, with conviction in their ideas, jump into the business blindly, later realising the amount of efforts that goes into putting together monthly GST returns, TDS filings, PF, ESI, etc., along with that different mandatory audits is a real focus diverter. Entrepreneurs need to focus on their core area of expertise and only restructuring compliances can enable that. Startups need more support in indirect taxes. Thus, we feel TDS should be 2% for coworking sector as the spaces are on rent and overall margins of coworking operators in most cases are less than 10%.

(The writer is the co-founder and CMO of ABL Workspaces)