Startups have a novel commercial idea which others could not conceive. That idea is an asset to be protected, just like any other physical asset. A patented idea gets legal protection from the state. However, being money a scarce resource for startups, patenting the idea is blissfully ignored leaving the major asset (idea) in open to copy by others, which may lead to competition with serious legal implications, and may be thrown out from the market.
GST on E-commerce StartUp By CA Nikhil Khurana
Ecommerce Startups in their quest for product development are either ignorant or lose focus on compliance with GST regulations. Under previous Tax regime, there was no clarity on the treatment of online sales whereas GST has prescribed specific tax regulations for online sales. Non-compliance with the same may lead to increased compliance cost.
CA Nikhil Khurana: Nikhil is qualified Chartered Accountant with extensive experience in Accounting, Direct & Indirect Taxation.
Mr. Gopal Shrivastava: He is an engineering graduate (electrical) from IIT Roorkee and PG Diploma in Patents from NALSAR University, Hyderabad having industry exposure of about 4 decades of R&D, technology transfer, manufacturing, and patents. He is in the patent domain for over a decade.