Union Budget 2022-23- Indian Startups’ Expectations From The Budget
Founder, Director of Avaali Solutions Srividya Kannan speaks to BW Disrupt about the expectations from the upcoming budget announcement.
Srividya Kannan Founder, Director-Avaali Solutions Pvt Ltd.
“Budget 2022 should give a significant boost to the startup ecosystem. Tax on ESOP’s should be levied only against the sale of shares for all DPIIT recognized startups. There should also be incentives for employee training and development skills to ensure a well-equipped workforce to meet the growing tech skill demand. The budget should announce reduced GST rates for the MSME sector, providing the much-needed impetus for further growth. Also, credit terms for billings from this sector should be brought down to 30 days from the current mandate of 45 days”.
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