Compliance has been a big nightmare for founders. All founders want to have a clean governance and do not want to skip any compliance. In this pursuit, most of the times, they end up either overdoing or under-doing. The best way to overcome this nightmare is knowing about the startup compliances. You are not supposed to be an expert but a strategic knowledge about the applicable compliances help go a long way in ensuring your startup is fully compliant. This peace of mind also helps you to focus more on your core. The event shall evaluate various compliances in relation to technology startups like AI, IoT, Mobile Apps, SaaS, Product companies, eCommerce, Marketplaces, services companies, blogs etc. It shall also educate how the compliance landscape is changing in India and take a primer at upcoming major reforms like GST.

1. Overcoming Startup
Compliance Nightmare
Scale your Startup
Presented byPowered by
07-Jan-2017

2. Scale your Startup
Compliance Basics
● Adhering to a defined set of rules/ laws
Staying Compliant
Tax Compliances
Other Compliances
● Register for it
● Pay taxes on time
● File returns
● Record keeping
● Regular Filings

3. Scale your Startup
Important Laws
● Company Law
● Labour Laws
● FEMA Laws
● Tax Laws
● Licenses

4. Scale your Startup
Company Law
● Type of Company
● Maintaining books
● Maintaining Statutory registers
● Filing annual returns
● Change Management

5. Scale your Startup
Labour Laws
● Provident Fund
● Employee State Insurance (ESI)
● Shops & Establishment
● Contract Labour Laws
● Sexual Harassment
● Gratuity, Bonus, …..

6. Scale your Startup
FEMA Laws
● Foreign Direct Investments
● Approvals and intimations
● All transactions through authorized banking
channels
● RBI Compliances

7. Scale your Startup
Tax Laws
● Direct Taxes - Income tax
● Indirect Taxes - Service Tax, VAT, Excise &
Customs ….
● State Taxes - Professional Tax, Entry tax ….

8. Scale your Startup
Licenses
● PAN
● TAN
● Service Tax
● VAT
● Excise
● Professional Tax
● S&E
● PF
● ESI
● IEC
● Softex

9. Scale your Startup
Compliance Calendar
● List all compliances needed for your startup
● Have a compliance calendar to track and
monitor
● Have a good compliance team
● Over Compliance? Under Compliance?
● Good Compliance = Good Governance

10. Scale your Startup
Compliance Checklist
Com
pany
PAN TAN ST VAT Excis
e
PT S&E PF ESI IEC Softe
x
FEM
A
AI ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ? ? ?
IOT ✓ ✓ ✓ ✓ ? ? ✓ ✓ ✓ ✓ ? ? ?
MobileApps ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ? ? ?
SaaS ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ? ? ?
Products ✓ ✓ ✓ ? ? ? ✓ ✓ ✓ ✓ ? ? ?
Services ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ? ? ?
Marketplace ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ? ? ?
eCommerce ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ? ? ?

11. Scale your Startup
Primer to GST
● Simplified & unified tax
● One tax, One Nation - 1.2 billion consumers
● CGST, SGST, IGST
● Consumption based rather than origin based
● 3 returns - output return (10th), purchase
(15th), final return (20th)

12. Scale your Startup
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13. Scale your Startup
Whiteboard Friday
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