Google, Facebook, Edtech companies may have to pay
up to 18% IGST
Overseas Online Information and Databases Access
Retrieval Service or OIDAR services providers such as
Facebook, X, Google and large number of edtech companies
could face integrated goods and services tax up to 18%
on services provided to government and individuals with
India Wednesday proposing to end the exemption enjoyed
by them from October One.
As per a notification
issued by the Central Board of Indirect Taxes and
Customs these services will no longer be exempted from
integrated goods and services Tax (IGST).
"This will cover overseas companies providing
advertising, cloud services, music, subscriptions based
service, online education and even information to all
individuals and government irrespective of whether it is
used for personal or business purpose," a senior
official told ET.
Currently services from OIDAR providers located abroad
in non-taxable territory and received by central
government, state government, government authorities or
individuals for any purpose other than business were
exempt. Taxes were applicable only for business to
business (B2B) services.
"This amendment specifies that the said exemption entry
will no longer be applicable to OIDAR services starting
from October 1, 2023. Consequently, OIDAR services
provided to the aforementioned persons are now liable to
taxation," Saurabh Agarwal, Partner, EY India said.
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