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Tag Archives: Start up india

How GST effect on Small Traders and Startups

The GST will have an impact on every individual of the nation.If you are in confusion whether the Goods and Service Tax (GST) is necessary for you or not, then I will make you clear about it. After gaining presidential assent on September 8, 2016 and formation of GST Council ,the GST is now soon became a reality.

Startup – Your ideas can be stolen

In a recent convention one of the participants asked a question “can our thoughts be stolen”. As a panelist, we have been required to deal with this touchy question without hurting the emotions of the innovator. along with me on the panel had been 3 marketers; one who was into natural farming, any other who made suitable for eating cutleries and a CEO in the commercial enterprise of education the lecturers.

START UP INDIA – Coverage and Eligibility

Till date 728 applications have been received in the Startup India portal. Out of them, 180 applications are complete and have been recognized as startups by Department of Industrial Policy and Promotion (DIPP). Only 16 applicants are incorporated after 1.04.2016 and are thus eligible for consideration for tax benefits, as per the Finance Act 2016.

START UP has no tax on issuing shares above market value

CBDT has notified the Tax Exemption to the Start ups on issuing shares above market value as per the Notification Enclosed.

Issuing shares above market value is taxable as per Section 56(2)(viib) of the Income tax act. But the central government can exempt certain classes from tax under Section 56(2)(viib) by Notification.

Start up India – Legal aspects


The Central government took the initiative to promote the start up organizations by way of relaxing certain regulatory requirements, providing tax exemptions. The objective of this initiate is to promote the upcoming entrepreneurs who are mainly in transition stage of converting their research thoughts into business model.

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