Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 09 APRIL 2015

Aggregators Take A Ride With The Budget

S&A Law Offices
S&A Law Offices
Contributor
S&A Law Offices

S&A Law Offices

S&A Law Offices is a full-service law firm headquartered in Delhi NCR. The firm has 300+...

View firm profile
Explore more from S&A Law Offices

On 28th February, 2015, the Finance Minister of India, Mr. Arun Jaitley presented the Union Budget for the Financial Year 2015-2016, causing a commotion in the service industry of the economy.

IndiaGovernment, Public Sector
Yogesh Malhan
Yogesh Malhan
Author LinkedIn connections

THE BUDGET 2015 AND THE SERVICE TAX

On 28th February, 2015, the Finance Minister of India, Mr. Arun Jaitley presented the Union Budget for the Financial Year 2015-2016, causing a commotion in the service industry of the economy. Increasing the service tax from 12.36% to 14%, another major proposal in the bill was to add the services provided by the 'aggregators' under the service tax ambit w.e.f 1st March 2015.

The term 'Aggregator' is defined as a person, who owns and manages a web based software application, and by means of the application and a communication device, enables a potential customer to connect with persons providing service of a particular kind under the brand name or trade name of the aggregator. For example, if X brand provides airlines' services in India via a web based software provider under its brand name which shall help it to connect to X's customers in India, then that software provider would be an aggregator. "Therefore, making

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Punjab And Haryana High Court Strikes Down JAO - FAO Retrospective Amendment As Unconstitutional

The Hon’ble Punjab and Haryana High Court (HC) in Jyoti Sareen vs. UOI & Others (CWP No. 15791-2024 (O&M)) (Order) held the retrospective amendments carried out vide the Finance Act, 2026, with respect to the powers of the Jurisdictional Assessing Officer (JAO) to issue a reopening notice under section 148 (Reopening Notice) of the Income-tax Act, 1961 (IT Act), as unconstitutional, being violative of the ‘doctrine of separation of powers’ and thus violative of Article 14 of the Constitution of India.
IndiaGovernment, Public Sector
Khaitan & Co.
Khaitan & Co.
Article

Acquisition By An FOCC Of An Indian Company: Pricing Conditions For Resident And Non-resident Shareholders

A FOCC refers to an Indian entity that has received foreign investment and is ultimately owned or controlled by persons resident outside India. Although incorporated in India under the Companies Act, such entities are treated differently from domestically owned and controlled Indian companies for the purposes of foreign investment regulation and downstream investment structuring. Consequently, an FOCC, despite being an Indian incorporated entity, is subject to regulatory conditions applicable to foreign investment while undertaking investments into other Indian entities.
IndiaGovernment, Public Sector
LegaLogic
LegaLogic
Article

Understanding Forgery And Use Of A Forged Document

“Commercial disputes being given a criminal colour” is a routine issue faced by criminal courts across the country, and the Hon’ble Supreme Court of India has also quashed several criminal complaints pertaining to commercial/civil claims for that reason. It is important to note that, in such criminal complaints, the usual allegations involve offences of cheating, criminal breach of trust, forgery, and the use of forged documents.
IndiaCriminal Law
S&A Law Offices
S&A Law Offices