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Equilisation Levy Revenue Cross Rs. 1,000 cr Mark
May 28, 2018
“Equilisation levy” which is an online advertising fee paid by the Indian customers to foreign companies like Facebook and Google is bringing the exchequer an impressive amount of money. During FY18 it fetched nearly Rs. 700 crores, although in the previous 10 months it totaled to mere 315 crores.
Generally referred to as “Google tax”, the equilisation levy is imposed at 6% for payments pertaining to online advertising services by foreign companies.
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