Post-budget 2018 Reaction Mr. Shreyas Chandrahasan, Co-Founder, Option3

I feel the budget is a mixed bag, it is good to see that the government focuses on AI and Machine learning, which are areas new age companies are in to these days. There are Interesting update on MSME, Mudra and working capital improvement but we were expecting more on the ease of availing credit guarantee scheme. On the other hand, there was no mention of increasing tax holidays and tax rebates, especially for tech companies. There were no updates on angel tax as well. Trade receivables and GST integration was a grey area. We will have to wait and see how this will impact the cash flow.

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