Startup/Making Doing Business Easier in India

34758 members

31322 conversations

Founder: LocalCircles Manager

This online community brings together established entrepreneurs, start up entrepreneurs, prospect entrepreneurs, India based SMEs and anyone who is associated with the business ecosystem in India. It enables all to share issues, share experiences, find references about investors, mentors, service providers, how to get something done as well as find potential partners and enablers for your business. Collective issues raised by entrepreneurs are raised with the various Central and State Government Stakeholders so setting up and doing business in India continues to become easier. This circle will also help the entrepreneurs to connect with the various state and local government departments to reduce bottlenecks and ensure smooth functioning of their businesses.

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GST Charges on Foreign Services
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Can someone please advise if we are procuring web hosting services from abroad, do we have to pay GST under reverse charge in India on behalf of vendor. How can startups with no revenues do this?

By Sarita Ravichandran

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Viewed by 850
LC rollovers by PNB and impact on exporters
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It does seem reading about the Nirav modi case that LC rollovers without proper checks due to corruption were behind the scam. This however will lead to many banks going super careful ab...

By Vishal Khanna

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Viewed by 801
EASE OF DOING BUSINESS
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Starting a business is much easier than doing business in the current commercial environment. Please change the slogan from 'Ease of starting business' to 'Ease of doing business'. Below...

By SAJJAN PAUL

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Viewed by 736
Frauds/Corruption in large and sprivate companies
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So seems like Ola HR and Admin head had been taking millions of dollars of bribes from vendors who used to supply drivers. this practice is common in many many large companies. in many companies th...

By Rohit Jain

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Viewed by 837
Company Registration is not free and 1 day affair
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Government is claiming it takes 1 day to get company registered but in reality it takes 5-10 days to do it. That is if name is available. Then Govt is saying that you can do company reg...

By Sarita Ravichandran

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Viewed by 1326
Top reasons startups fail
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All startup founders must be aware of these in attached

By Ajay Shah

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Viewed by 504
MSME reclassification
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Now classification of Micro, Small and Medium enterprises will be done instead of from investment in plant and machinery/equipment to annual turnover. This is a good move by Govt. Attach...

By Ajay Shah

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Viewed by 667
LocalCircles Impact - Relaxation on Angel Tax
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We are pleased to share that the Department of Revenue under Ministry of Finance has issued attached notification giving relaxation on Angel Tax. The Department of Revenue notification i...

By LocalCircles Manager

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Viewed by 464
EODB rankings
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Is India's EODB ranking accurate? See attached. We would have been at 132 had world bank not changed its parameters plus it was only a Mumbai delhi survey. Not a true reflection of state of affairs...

By Sridhar Mohan

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Viewed by 670
Entrepreneurs - very important
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All startup entrepreneurs, take care of yourself. This attached is what affects many of you.

By Shikha Chhabra

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Viewed by 722

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