Validity Validity is presumed to act upon the registered trademark but not in the case of a TM where the owner has to prove that value and reputation is attached to it in association with the goods and services sold to the consumer. 2.
An idea that’s disruptive and provides a radical solution to commonly faced problems can be worth millions, and that’s what the new age entrepreneurs are best at—providing a unique solution that delivers!
But, with the implementation of GST, only value added tax will be charged at all levels of the supply chain and credit will be allowed if any taxes were paid earlier on inputs acquired for use in making the supply.
Startups are the lifeblood of innovation; companies like FlipKart, OYO and PayTM have shown what can be achieved when one has a vision and the zeal to put their ideas out there in front of the world.