Govt became richer by Rs 939 cr from the taxes on online ads on Google, Facebook

Nabanita Dutta

News Editor
Image Credit: shortpedia

In the last fiscal, the collection of tax from online advertisements has shot up by 59% year-on-year to reach Rs 939cr in the year. There is a 6% equalization levy imposed on Indian businesses to a non-resident service provider offering digital advertising in the country. There is an opportunity for growth in the digital economy as well as tax revenue from this sector, and a part of it is the online advertisement sector.