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Equalization Levy for large online transactions recommended by Indian government committee

Or, why it might become costlier for you to spend on international online B2B services, including ads An additional tax of 6-8%, called an "Equalization Levy", on international online purchases of hosting, apps, software, advertising, and advertising that costs more than Rs 1 lakh, has been proposed by an Indian government committee formed by the department of revenue, ministry of finance and the Central Board of Direct Taxes. Please note that this report is merely a recommendation. However, readers will recall that the during the Union Budget 2016, the government had proposed a 6% equalization levy on B2B online services and advertising, which was dubbed the 'Google Tax'. Going beyond that, this committee has recommended that many other services - in fact, almost every conceivable online service - be brought under its ambit. Our notes: A. Which services will be covered? 1. Designing, creating, hosting or maintenance of website. 2. Any service which involves sale of goods or services or collecting online payments 3. Online advertising or any services, rights or use of software for online advertising, as well as advertising on radio and TV 4. Use or right to use or download online music, online movies, online games, online books or online software. 5. online news, online search, online maps or global positioning system applications. 6. software applications accessed or downloaded through internet or telecommunication networks. 7. software computing facility of any kind for any purpose. 8. online collection or processing of data related to online users in India. 9. any provision, facility or service for uploading, storing or distribution of…

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