Google tax accounts for only 1% of direct tax collection in major cities
Total nationwide Google tax collection up to August 20 was Rs 396 crore against Rs 407 crore raked in the previous year.
Google tax, or equalization levy, has accounted for only 1 percent of direct tax collection from major Indian cities, so far, in FY21.
Bengaluru recorded Google charge assortment of Rs 176.9 crore this money related year till August 20, which was just 0.57 percent of in general direct duty assortment from the city, Business Standard announced referring to Income Tax Department information.
Hyderabad’s adjustment demand (Rs 118.3 crore) during the period was just 1.1 percent of all-out direct assessment receipts, the report said
Delhi and Mumbai recorded a join evening out toll assortment of just Rs 87 crore as of August 20 this monetary year, the report said. Absolute cross country Google charge assortment in FY21 ,up until now, has been Rs 396 crore, lower than Rs 407 crore in the earlier year.
Presented in 2016, the leveling demand at first applied to income from online ads. The guidelines were amended in February 2020 to incorporate exchanges made by non-occupant web based business organizations.
From April 1, 2020, organizations, for example, Google, Facebook, LinkedIn, Udemy, Alibaba, eBay, and Uber are required to pay a 2 percent leveling demand. The organizations are anticipating lucidity from the Indian government on specific parts of the duty.
There are no comments at the moment, do you want to add one?
Write a comment