MasterCard moves Delhi HC seeking a stay on payment of equalisation levy on digital transactions

MasterCard has moved the Delhi High Court seeking a stay on payment of equalisation levy on digital transactions on grounds that it would lead to double taxation.

Singapore-based MasterCard Asia Pacific Ltd. said that according to an Authority of Advance Ruling (AAR) order of June 2018 in favour of the income tax department, the company had a permanent establishment in India and was therefore paying income tax in line with the order.