Recently Minister of Commerce, Sh. Piyush Goyal expressed his views on tax liability for start-ups looking to comeback to India. He said that it would be difficult to justify which company coming back should be taxed and which shouldn’t, adding that the firms left for their "own selfishness" so returning now cannot be termed as an altruistic move. if they have to pay tax, it’s good. It’ll help us give more scholarships to poor children or build homes for the poor or replace the slums with proper housing. We have a lot of plans for this country and the tax they are paying is from their income on which they initially saved tax. Indian startups domiciled abroad have been mulling shifting base, or reverse-flipping, to India. These include companies engaged in areas such as fintech, e-commerce, stock broking, health care, and edtech. 

In March last year, the government noted that many Indian startups were domiciled abroad and set up a committee to suggest ways “to onshore the Indian innovation” to the International Financial Services Centre in the Gujarat International Finance Tec-City.

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