Start-up founders’ demands from centre: Less paperwork, fewer taxes
Regulatory clarity for startups coming up with innovative business models is paramount.The central government in its draft guidelines in December 2016 allowed state governments to draft their own transport regulations
- One, iron out issues related to angel tax for startups that have already received notices.
- Two, offer regulatory clarity on emerging business models and create a balance between the state and the central government.
- "The issue is not which government is ruling, but how open are the central and state governments to new ideas," said a startup entrepreneur, requesting anonymity.
- Some suggested that the government should create certain exemptions for startups with respect to compliance and regulatory paperwork at least for the initial years when the entrepreneur is building the product and the company.