Is GST helpful for a Startup

gst
startups

#1

Hello,

Need to know the impact of GST on startups? Is it good for us? What are the advantage and disadvantage for the same?


#2

GST having both good and bad impacts on startups. GST varies with states. I have found a good guide about GST here:


#4

Yes, implementation of GST is definitely helping service-based startups because now they can take benefit on tax credit on their purchases which results in the reduction of costs thus increasing working capital to the already cash-strained startups.

Many startups still have doubts on what needs to be included in invoices for their clients and to settle down this issue, portals such as makegstinvoice, is helping in creating GST compliant invoices absolutely free.