Covid-19 lockdown: IT Industry body Nasscom seeks relief for startups, SMEs

NEW DELHI: IT industry body Nasscom has urged the government to provide relief measures to startups that are under severe stress due to the Covid-19 pandemic as project delays and tight liquidity threaten to disrupt businesses.

“We request that the government consider rental subsidy for workspaces used by start-ups which are regulated/owned/managed by government agencies,” Nasscom said in a statement.

Nasscom has suggested a host of measures ranging from extension of tax payment deadline to temporary refund of GST collected as loan. It has requested the government for a blanket suspension of all deadlines, including tax payment deadlines and filing deadlines, until at least 4 weeks post lifting of lockdown.