Direct tax, web of refunds, contracted by 24 per cent as of October eight to Rs 3.66 trillion in contrast with Rs 4.eight trillion within the corresponding interval final 12 months.

Matters
Equalisation  | equalisation levy | Tax assortment

Dilasha Seth  |
New Delhi
Final Up to date at October 10, 2020 00:20 IST

The gathering of equalisation levy, or the so-called Google tax, picked up this monetary 12 months, posting 35 per cent progress, at the same time as the general direct tax mop-up stays muted with a double-digit decline.

The digital levy, aimed to tax non-resident e-commerce operators, gathered Rs 738 crore after the second-quarter instalment deadline in opposition to Rs 545 crore collected in the identical interval final 12 months, suggesting that the majority giant gamers fell in line after preliminary resistance. Whereas the levy utilized solely to digital promoting providers until final 12 months on the charge of 6 per cent, the …

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