India does not agree with USTR report on e-commerce

The Commerce Secretary spoken on USTR report on e-commerce, India does not agree with it. The e-commerce secretary Anup Wadhawan said on Wednesday

Some countries are protesting because they have huge domination in that kind of activity, Source image: Reuters

An USTR investigation has concluded that India’s announced the 2% per cent digital services tax on e-commerce supply discriminates against US companies and is inconsistent with international tax principles.

The OECD (Organization for Economic Co-operation and Development) is also moving in that direction that if you have an economic presence and economic gain, You have billions of dollars of revenue in a certain jurisdiction that you have to pay taxes in your country.

We do not agree with that conclusion, e-commerce Wadhawan told reporters when asked whether India has responded to the USTR report today.

Source