No digital tax if goods sold via India arm Flashcards
1
Q
Under what provisions?
A
amendment to Finance Bill 2021
2
Q
Features?
A
- Mhnje foreign chya e-commerce platforms chi jar ithe permanent establishment asel or ithe jar te tax bharat astil tar tyanna 2% establishment levy nahi bharavi lagnar,
- Ji loka tax bharat nahiyet tyanna equalisation levy dyavi lagel.
3
Q
Who has to pay digital tax?
A
non-resident companies with annual revenues in excess of Rs 2 crore, and covers online sales of goods and services to Indians.
4
Q
About the equalization levy?
A
- tax aimed at foreign digital companies
- expands the equalization levy from online advertising to nearly all online commerce activities done in India by businesses that do not have taxable presence in India through applicability of 2% on its revenues.
5
Q
About GAFA tax?
A
- proposed digital tax on Google, Apple, Facebook, Amazon by france
- 3% tax on revenues from digital activities
