Digital industry demands removal of tax anomalies

The upfront collection of tax by e-commerce operators would create a cash-flow crunch for the suppliers: Report

A body representing the internet and mobile industry has demanded reduction in goods and services tax (GST) rates on digital goods and services from 18 per cent to 12 per cent or even lower as the GST Council meets next month.

In a recent report, the Internet and Mobile Association of India (IAMAI) wanted removing up to one per cent tax collected at source (TCS) under the GST on e-commerce companies even as the government has deferred its imposition.

The report, prepared by the association, along with Nishith Desai Associates, also wants scrapping the equalisation levy or bringing it through a mechanism