Betting on BPOs ?
---------------------
You
bet !
And
here is some better news for the BPOs , which
earn for India billions of dollars through “ Service Exports “ :
Extract :
India aims to
keep business process outsourcing (BPO) service providers out of the ambit of
the goods and services tax (GST), ensuring that they won’t face 18% tax.
This will
ensure that services provided by captive BPOS to their parents as well as by Indian
back-office service providers are treated as exports and not face tax in the
country. Intermediary services face 18% GST.
Exports, as a
principle, have to be tax neutral. Thus, all taxes used in the inputs are also
reimbursed. Back-office services have enjoyed this benefit even under the
erstwhile service tax regime.
=========================================
In August last year , I sent following e-mail
to our Policy Makers , where I wrote :
[ Ready
to be Ridiculed ]
If engaged in “ Export of Intellectual Property “ ( BPO / KPO / LPO / Any PO that the rest of the World needs to be carried out remotely by our low cost graduates ) , then it would become possible to :
· # Put
those unsold 4 lakh flats to a productive use
· # Increase
“ Asset Utilization “ of property worth Rs 20
lakh*crore lying idle
· # Provide
gainful employment to 120 lakh youth
· # Export
“ services “ valued at $ 528 Billion / year
(
Read : Brain Inc 2.0 )
# Encourage
owners of these 4 lakh flats to turn their flats into “ Knowledge
Factories “
(
exempted from “ Factory Act “ / “ Shop & Establishment Act “ / “ Minimum
Wages Act “
/ “ PF Act “ / various Labour Laws… etc )
# These
“ Knowledge Factories “ to be governed by “ Human
Enterprise Act “ ( to be
drafted / legislated )
# Owners need not
pay any taxes such as “ Property Tax / GST / Income Tax etc “
# No
questions to be asked as to the source of funds with which the flat was bought
# Owners to “ Register “ as a Start
Up as laid down in :
Related Readings :
How
About Virtual Call Centers
?
[ 04 Oct
2016 ]
====================================================
20
Dec 2018
www.hemenparekh.in / blogs
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