GST's Role in Facilitating the Global Expansion of Indian Startups

Atharva Singh

Abstract: Implementation of Goods and Services Tax (GST) on 1st July 2017 created a large change in the country?s taxation structure, aiming for simplifying tax system and forming unified national market. This study examines the effect of GST on the Indian startups attempting to globally trade. The study gathers information from a comprehensive literary analysis and published data, inclusive of quantitative studies and qualitative insights from credible sources to uncover the challenges and opportunities that come with GST for start-ups involved in trade internationally. Results indicate that GST has rather streamlined taxation and has reduced logistics prices however, stricter compliance requirements and delayed tax refunds pose significant challenges. The research also suggests ways in which startups can improve compliance strategies and policy makers can simplify GST processes enabling the global expansion of Indian startups.

Keywords: GST, Indian startups, international markets, Exports, Tax compliance