Amazon (And Others) Brace For India’s New eCommerce Tax
PYMNTS
FEBRUARY 10, 2020
The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government. The new TDS will apply to the gross amounts charged for sales or services done through eCommerce operators, indicating that platform firms are the intended payors (in addition to the firms on the platforms).
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