Overseas ecommerce, digital gamers rush to banks to pay equalisation levy

Synopsis

Massive gamers corresponding to Google, Amazon, Netflix and Adobe have already paid the two% equalisation levy – or the ‘Google tax’ – on their earnings originating from India launched within the funds this yr, however many medium scale or small international ecommerce entities working within the nation are but to pay it, they mentioned.

A number of international ecommerce and digital companies firms are approaching banks to assist pay the brand new equalisation levy and full different compliance associated to tax after the federal government issued detailed guidelines for paying the tax on Thursday, individuals conscious of the event mentioned.Massive gamers corresponding to Google, Amazon, Netflix and Adobe have already paid the two% equalisation levy – or the ‘Google tax’ – on their earnings originating from India launched in

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