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Tuesday, 26 July 2016

Encouraging Small Business in India to serve Globally

There are many talented Indians who venture out to start small websites to cater to a niche Global audience.
As long as they are not cheating or are fraudulent up fronts, the Government should encourage their existence and livelihood of these individuals.


I too have a website that began as a promoter of tourist stays in India in 2000, and by virtue of the service delivery, had to change to a Global platform in 2005.... http://www.budgetstays.com/   

Payments by members though not much, were received via Pay Pal the Payment Gateway. 


Since 2016 June, payments made through Pay Pal are being declined.

I understand this is because of the new GOI rules. I would appreciate if there is any compliance required of individuals, you can ask for our PAN Card to be linked to the Payment Gateway, so that our Gross / Net earnings are filed/ reflected in the ITR.

This is a better way for compliance and a win win situation for all.

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