News
They are big financiers of the India story, but GST is making them nervous. Read how
- Date:
- April 26, 2017
- Source:
- Economic Times
Indian venture capitalists and private equity firms that pumped $15 billion into companies in 2016 are wary that come July, when the goods and services tax (GST) rolls out, their representatives/directors could be vulnerable to tax dues of investee companies even retrospectively. The new law gives tax authorities the right to extract the full claim with interest…