Govt should review, defer 2% equalisation levy on non-resident e-commerce companies, says report

The government should review and defer the 2 per cent equalisation levy on non-resident e-commerce companies as it has a far-reaching impact, according to a report.

An Assocham-BMR Legal report – Equalisation Levy 2.0: India’s Digital Services Tax in the making – said that there is a need for stakeholder consultations, a wholesome impact assessment, and steering impact on consumers of the digital economy.