The Finance Act, 2020, has widened the scope of equalization levy, which was introduced in the Finance Act, 2016, to include the consideration received by e-commerce operators from ‘e-commerce supply or services’. Viewed by the US as targeting its home-grown e-commerce companies such as Microsoft and Amazon, the Government of India is set to gain from the increasing digitalization of the economy. While the move comes in the backdrop of the US-China trade war, which was the result of China’s alleged discriminatory trade practices against American companies, it raises concerns of trade sanctions against India.
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Tony Verghese's practice is focused on the Telecommunications, Media, and Technology (TMT) sector. He advises clients on the full spectrum of regulatory, licensing, and compliance matters, including navigating complex frameworks like the Telecommunications Act, 2023. His expertise covers emerging areas such as OTT platforms, digital broadcasting, data regulations, and telecom infrastructure. Tony also provides strategic guidance on structuring TMT-related transactions, investments, and joint ventures to help clients manage risk and leverage opportunities in the sector.