Exporters report shipment delays of up to 60 days, 20-30% cost escalation, and growing order uncertainty due to the West Asia conflict.

The UK Home Office revealed this week that its Immigration Enforcement teams had conducted Operation Equalise recently as part of a "nation...

This would mean that any NFT bought could become dearer by a few percentage points. The tax department is set to slap a 2% equalisation lev...

However, India will have to roll back the equalisation levy that it imposes on companies such as Google, Amazon and Facebook when the globa...

Since sale prices would belong to the resident seller but commissions that the foreign platform charges would belong to the foreign entity,...

The Union Budget clarified that transactions taxable under income-tax are not liable for equalisation levy. In the past, there have been co...

In a statement, the commerce and industry ministry said there is no retrospective element as the levy was enacted before the 1st day of Apr...

“Provisions pertaining to equalisation levy on e-commerce transactions, do not grant recourse to the tax authorities to recover taxes in ca...

Big players such as Google, Amazon, Netflix and Adobe have already paid the 2% equalisation levy – or the ‘Google tax’ – on their earnings ...

"An e-commerce operator will be a "non-resident who owns, operates or manages digital or electronic facility or platform for online sale of...

Tax experts say lack of clarity around the levy means different companies were interpreting it in a different way. Some companies are being...

In a six-page written submission to the United States Trade Representative (USTR), India said the levy is applicable only for companies wit...

The 2 per cent Equalisation Levy was introduced in the 2020-21 Budget and has come into effect from April 1, 2020. The deadline for payment...

The government should consider keeping in abeyance the 2 per cent equalisation levy on e-commerce companies as there are ambiguities surrou...

While the Google tax is 6%, the actual burden could be about 7-8%, mainly due to the grossing up of taxes. Currently, it is applicable only...

Cloud computing companies and content providers may be needed to pay equalisation levy on their revenue from the next financial year.

At present, equalisation levy is leviable only on payments relating to online advertisements, said C A Gupta, Partner, Deloitte Haskins and...