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Budget silent on e-commerce

March 3, 2015Daily NewsBy wp-admin

The e-commerce sector failed to find a place in the Budget for 2015-16.

Measures proposed on taxation or start-ups may benefit online retailers, but there were no sector-specific measures for the sector. Sectors that made it to the budget over e-commerce were leather footwear, which received a reduction in excise duty; incense sticks, which received some exemptions from excise duty; yoga, which was included in the ambit of charitable purpose; and gutkha, which saw an increase in excise.
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