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    More foreign firms to come under ‘Google Tax’ search

    Wwith the government clearly spelling out the scope of the controversial levy — widely referred to as Google Tax — any kind of cross-border transaction with foreign entities will be liable to be taxed.

    Synopsis

    The Centre’s clarification on the scope of the equalisation levy on digital transactions, provided in Union Budget 2020-21, will bring more foreign entities under the ambit of the tax.

    New Delhi: The Centre’s clarification on the scope of the equalisation levy on digital transactions, provided in the union budget on Monday, will bring more foreign entities selling goods and services to either businesses or consumers through online platforms under the ambit of the tax, legal and industry experts told ET.Previously, the 2% levy was being paid by global internet services companies such as Google, Netflix and Adobe. But there was
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    The Economic Times