The GST gamble of ClearTax

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 affair.

AUTHOR

Arundhati Ramanathan

Arundhati is Bengaluru-based. She is interested in how people use money in the digital age and how new economies will take shape based on that interaction. She has spent over 10 years reporting and writing on various subjects. Previous stints were at Mint, Outlook Business and Reuters.

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