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GST revenue from 1-line service providers surges

GST revenue from 1-line service providers surges

Wednesday, January 1, 2020, 8:57 PM

Average-monthly GST payments in India by internet-based service providers including Netflix, Amazon Prime, Hotstar, Apple and Microsoft grew over 62% so far in the current fiscal compared with last year's level, as per GST Network-data. Given that these services have been taxed at 18% since start of GST, this reflects the robust expansion of the subscription base of these players over the past year.
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