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.
There are many other benefits attached to Public Company registration and they are as follows; Distinct Legal Entity This is similar to the Limited Liability companies in which the company is a legal object and a juristic person authorized under the Act.
It cannot acquire any other company by purchase of securities or control the configuration of the Board of Directors of any other company , it can only be done if the company has taken an approval of the Regional Director having jurisdiction over such a Nidhi Company.