A recent assertion of the U.S. trade department puts forward alleging that “the South Asian nation is targeting companies like Amazon.com Inc., Facebook Inc. and Alphabet Inc.’s Google.” The Indian trade committee in their replies says, “India’s decision to levy a tax on companies offering digital services in the country is not aimed at any particular country and the decision will not be reconsidered.”
It has been made clear that the tax a.k.a. equalization levy for the country abided by the norms of February budget under the evaluation of Indian Finance Minister, Nirmala Sitharaman applies only to non-resident companies selling goods and services online and had been under practice from April 1 in the entire nation. Also, it is a mandatory additional safeguard for loss of revenue in India to protect against the activities of e-commerce operators in the nation.
The trade ministry’s spokesman had already made a call to the U.S. Trade Representative’s office. However, due to off office hours the call was not immediately answered. The U.S. Embassy in New Delhi had also called attention to the office about the scepticism. An email sent to a USTR spokesperson for comment remained unanswered till now.
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