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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Radhika specialises in the telecom and Information Technology sector. She has extensive experience advising on telecom regulatory issues, licensing arrangements, telecom restructuring, information technology laws, laws governing telecom spectrum allocation, compliances applicable to manufacturing and deployment of telecom equipment and the legal policy on satellite communications in India.