GST reduces multiplicity of taxes which is a boon for startups says legal adviser Roma Priya

Founder of Burgeon, Delhi-based Roma Priya supports start–ups to raise capital as well as help with other legal requirements. Her company has represented over a hundred clients and structured about 90 venture deals nationally as well internationally within a year of incorporation of her firm.

According to Roma Priya, "GST will bring the much awaited one nation one tax regime in India. GST get aims to simplify the tax regime by reducing the multiplicity of taxes. This is likely to benefit startups as they work with limited capital and therefore cannot often afford to have dedicated resources to look after various tax compliance."

"GST will make it easy for the start-up to do taxpayer registration, return submission, tax payments, and claim refunds online. These will be beneficial for all startups irrespective of sectors," she said.

Roma Priya has successfully guided companies seeking investments across seed, angel- stage and subsequent funding rounds. She has also represented marquee investors (HNIs, Angel Groups, Funds) who invest in early and growth stage companies.

"Prior to GST in order to initiate business activity a startup had to take multiple registrations including service tax registration, VAT registration among others. Business expansion will become seamless as GST will enable entrepreneurs to get just one license for their company and then do business in many states," she said.

Roma holds a degree in International Business Law and Corporate Law from Symbiosis International University, Pune. She has previously worked with  Kotak Mahindra Bank Ltd and Sand Hill Counsel, a well-known law firm with offices in Mumbai, New Delhi and Silicon Valley.