By – Shweta Rajpal Kohli, President and CEO, Startup Policy Forum
“Startup Policy Forum welcomes the landmark GST rate reform, moving from four slabs to a simpler two-rate structure. This ‘Simple Tax’ regime will provide a much-needed clarity and predictability for businesses – cutting red tape and easing compliance for startups and MSMEs.
We particularly commend the decision to keep EVs at the concessional 5% slab, a clear boost for India’s clean mobility vision and a strong signal of policy certainty for innovators and investors across the mobility and green technology spectrum. Equally encouraging are the rate cuts on auto parts, small cars, renewable energy devices, medical supplies, and life-saving drugs – reforms that go beyond balance sheets to directly impact sectors like healthcare, manufacturing, transport, sustainability, and social impact.
SPF strongly believes this reform not only lightens the tax burden but also puts ‘fuel in the tank’ for startups driving innovation, jobs, and India’s journey towards Viksit Bharat @ 2047.”