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Mar 26, 2015
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Online tax aggregators tweak invoice for service tax hike
The increase in service tax to 14% from 12.36% has prompted start-ups working on an aggregator model to restructure their invoice system to comply with the revision. "We had to suspend billing for three weeks trying to understand how to pass on the cost and decided that we will collect the service tax on the entire transaction, including our mark-up and pay the tax to the government," said Divakar Vijayasarthy, founder of Chennai based start-up Meeturpro, which works as an online marketplace for lawyers and chartered accountants.
Source -
http://economictimes.indiatimes.com
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