What happens to India's startups with a coalition government at the Centre? Here is what they want

economictimes.indiatimes.com:

government prepares to take office, the startup industry is calling for clearer regulations, streamlined processes for relocating headquarters to India, and a simplified legal and enforcement framework to support their growth, TOI reported on Friday.

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«The approach of the tax departments towards startups is one area that is concerning the industry a lot… whether it is the misinterpreted angel tax issue or the GST notices that a lot of startups are getting and other law & enforcement challenges. This is one aspect we expect the new govt to address. They should ensure that startups building in this country are not unnecessarily harassed at the hands of various authorities. Generally, startup business models are unique and many times, tax department misinterprets issues,» the CEO of a top unicorn firm told TOI on condition of anonymity.

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Sabyasachi Goswami, CEO of recently established unicorn Perfios, suggested that simplifying registration processes and establishing clear rules could facilitate the establishment and operation of startups.

«In the upcoming term, we look forward to