Post-Budget Reaction by Mr. Amitabh Vira, CEO & Founder, NetProphets Cyberworks
The advent of GST will not only be a short term tool for the government to work on the fiscal deficit but also create a more competitive services sector in the long run. The Indian IT/ITeS industry welcomes this move. This move will also come as a boon to the growing ecommerce sector, since it has been struggling with taxation issues for a while now.
The 1000 crore techno-financial incubation and facilitation programme is a much needed move by the government. Given the current entropy in the startup and tech industry, this will create a holistic platform for new ideas and thoughts to fructify. It would also create the necessary framework to engage our nations huge talent pool.