The equalization levy will come into effect with the new fiscal yearAs the dependency on the ecommerce industry increases amid the coronavirus pandemic, the Internet and Mobile Association of India (IAMAI) has raised concerns about equalization levy put in place by the government for the new financial year.

The equalization levy will come into effect with the new fiscal year, FY21, starting from today (April 1, 2020).

Under this, ecommerce companies without a permanent establishment in India will have to pay an equalization levy of 2%.

IAMAI said that equalization levy comes at a time when ecommerce services incidentally are expected to play a critical role in abating the pandemic crisis.

IAMAI said it would like to highlight the several operational and logistical challenges still plaguing the sector despite the sector supposedly being exempted under the present lockdown. | To read full story, visit https://startuparound.com/read/1585681207.2895582/Equalization-Levy-On-Ecommerce-Poses-Challenges-For-Sector:-IAMAI?ref=audio_experience