Google Tax
Google tax contributes merely 1% of direct tax kitty in major cities
Bengaluru, Hyderabad top the collections, Mumbai and Delhi together mop up a mere Rs 87 crore
 "Google tax contributes merely 1% of direct tax kitty in major cities")
'Not clear at all': Google tax sends foreign firms looking for answers
There are other unanswered questions such as are foreign banks with users in India liable to pay the tax, called equalisation levy, for charges levied on online transactions?
 "'Not clear at all': Google tax sends foreign firms looking for answers")
Top headlines: Google Tax stumps foreign firms, Unlock 3 ends night curfew
From Maruti posting first quarterly loss in 17 years, VIral Acharya on larger role of foreign banks to govt approving new education policy, here are the top news of the day
 "Top headlines: Google Tax stumps foreign firms, Unlock 3 ends night curfew")
Equalisation levy on e-commerce firms: Govt says tax in line with WTO rules
It emphasised that the levy was applicable prospectively, and could not be said to have 'extra-territorial' application
 "Equalisation levy on e-commerce firms: Govt says tax in line with WTO rules")
Google tax row: US technology companies want action against India
IBM, US Chamber of Commerce oppose retaliatory tariffs
 "Google tax row: US technology companies want action against India")
Top headlines: Tatas in talks for AirAsia stake, google tax collection dips
From govt calling off merger of three public general insurers to technology players in fray for railway signalling tender, here are top headlines of the day.
 "Top headlines: Tatas in talks for AirAsia stake, google tax collection dips")
Google tax collections remain muted in Q1, mop-up drops 30% to Rs 216 cr
The yield declined 30 per cent after the first instalment deadline ended on Tuesday, compared to the same period last year, revealed preliminary collection figures
 "Google tax collections remain muted in Q1, mop-up drops 30% to Rs 216 cr")
Digital MNCs likely to miss July 7 deadline for paying Google tax
The development indicates that government has not heeded to calls for deferment of the tax by the industry
 "Digital MNCs likely to miss July 7 deadline for paying Google tax")
FinMin may defer google tax on e-commerce firms based abroad to September
Move after evaluating the challenges faced by digital firms amid pandemic
 "FinMin may defer google tax on e-commerce firms based abroad to September")
J&K loses special status: Google tax may be levied in new Union Territory
The equalisation levy was introduced in June 2016, but not through an amendment in the Income Tax Act despite being a form of direct tax
 "J&K loses special status: Google tax may be levied in new Union Territory")
I-T lens on Facebook and Google for underreporting revenue in India
CBDT wants to do survey and spot verifications for detecting non-compliance
 "I-T lens on Facebook and Google for underreporting revenue in India")
Amazon, Microsoft and Apple to seek clarity on Google tax
After I-T tribunal ruling, global majors worried taxmen could invoke GAAR for using patents held abroad
 "Amazon, Microsoft and Apple to seek clarity on Google tax")
Govt considers payment gateway before widening Google Tax net
Levy is aimed at firms which earn ad revenue in India but do not pay income tax in the country
 "Govt considers payment gateway before widening Google Tax net")
'Google tax' looms large: Marketing spend might go up
Court cases likely over interpretation of the new levy proposed in the Budget for digital economy
 "'Google tax' looms large: Marketing spend might go up")
