What is the equalization levy for e-commerce / What is the current equalization levy in India / Best law firm in Coimbatore / Best advocates in Coimbatore / Best law service in Coimbatore / Best legal consultation in Coimbatore / Best legal services in Coimbatore / Best lawyers in Coimbatore / Online legal consultation. India’s new Equalization Levy or sometimes referred to as the “Google Tax” is a 6% direct tax on the gross income of digital businesses and cross-border e-commerce transactions. This levy was introduced in the 2016 Union Budget and will be applicable from April 1, 2020. The levy has been introduced to address the growing number of digital transactions and the potential for some companies to avoid paying taxes in India. The Equalization Levy was designed to ensure fairness in taxation and to ensure that companies that operate in India and make money from digital services or through cross-border e-commerce are subject to the same tax rules as those operating in the physical world. The levy applies to payments made to non-residents for specified digital services such as online advertising, digital space, online sale of goods and services, online intermediation services, and the like. The levy applies to payments made to non-residents with an annual global turnover of more than Rs. 20 crores. The levy shall be paid by the Indian resident making the payment, and the non-resident receiving the payment shall not be liable to pay the levy. We at Saanvika Legal Associates offer various legal services such as Trust deeds, Financial law, Insurance law, and other laws including Environment, Consumer, Property, Banking, Tax, Cyber Constitutions, Labor, Civil, Criminal, Family, Property, registration, Getting docs, and so on. Also, you can consult all aspects related to Legal notice, documentation, Legal registration, Property organization, forming companies, Family legal consultation, Civil and Criminal legal consultants, and Litigation of finance and property.