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Biztro

Business in bitesizes

Biztro
Biztro
outlookindia.com
2016-02-26T21:31:04+05:30
Bumpy week for Start-up India

A leading ecommerce player got a rude shock recently when a top executive was arrested over a service tax notice. He spent the weekend behind bars before getting bail. The website, an aggregator, was not paying service tax on the final product  that the service provider was supposed to pay. The tax man slapped a notice given the fact that the sales invoice is in the agg­regator’s name. The matter is in court and the tax incidence will eventually be sorted out. What is surprising though is that the usually vocal start-up lobby did not go to town with this “tax terrorism” that had shades of the arrest of Baazee’s Avnish Bajaj in 2004. When a bunch of CEOs bumped into Amitabh Kant, the make-in-India man pulled them up for not making enough noise on the...

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