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by BilalBudhani
1325 days ago
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Being an Indian who ran a sole proprietorship company which is suppose to be relatively easier with bureaucracy I strongly relate to this comment. Not only the ease of doing business is non-existent but also the entire running the company's operations is exhaustive and riddled with inconsistencies regulations. Plus, the amount of reporting required to stay compliant is never ending. Every month you will have to file for multiple GST reports, then file quarterly GST reports again to reconcile. On the other hand, file for quarterly advance tax, then finally file for annual income tax. To top it of, GST rules changes so frequently that the entire book keeping process becomes complex & convoluted. You will end up spending more time in keeping all the things in check with the regulation instead of spending time on growing the business itself. |
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