Goods and Services Tax (GST) is a golden goose that startups like ClearTax are going after. Nothing about getting that goose is easy
Technology is the bedrock for GST implementation
ClearTax is building a GST compliance product and a marketplace for accountants
Getting CAs on board the marketplace will be its biggest challenge
The company expects the GST product to bring in half of its revenues in two years
There is something very secular about taxes like the universal disdain people have for both filing and paying.
Another matter altogether that chartered accountants (CAs) have thrived on this sentiment. With life being finally breathed into the 16-year-old zombie called the Goods and Services Tax (GST), for businesses, CAs are likely to be on speed dial; its imminent rollout has got them scurrying from workshop to workshop to be appraised of the latest changes, migration to the new system, and the new tax slabs. Most agree that GST is going to be a complex…
Sign up to read this story for free right now
Stories on The Ken are available only for its subscribers. Join us now to get instant access.
Complete access to all stories on The Ken. Rs. 2,750/year or Rs. 1,200/quarter
Dear subscriber - a lot of hard work goes into the journalism we put out. While sharing snippets or limited screenshots is okay, please avoid printing and sharing our entire articles as PDFs. Our plans are very affordable - please ask your friends to subscribe.