Sunday, March 15, 2015

Online Aggregators under Net

The budget proposal to bring the online commerce industry under the ambit of the new service tax rate of 14% will impact web-based aggregates of retail sellers, taxi owners, bus operators and hotels including companies such as Amazon, Flipkart, Uber, Snapdeal and OlaCabs. March 1 onwards, online aggregates that own and manage a web-based software application came under the tax net.

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