Amazon (And Others) Brace For India’s New eCommerce Tax
PYMNTS
FEBRUARY 10, 2020
Minister of Finance Nirmala Sitharaman said the exemption is being put into place “to provide relief to small businessmen” who fall under that revenue threshold, as well as furnish personal account numbers and Aadhaar. That is up from roughly $50 billion at present, with an estimated 175 million individuals shopping online in 2020.
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