- Abolition of the Levy: The Indian government has approved amendments to the Finance Bill 2025, which will abolish the 6% equalization levy on online advertising services, effective from April 1, 2025.
- Historical Context: The 6% equalization levy was introduced in 2016, with a lower 2% rate introduced for e-commerce supplies in 2020, which was effectively abolished in 2024.
- Parliamentary Approval Process: The Finance Bill 2025 was approved by the Lok Sabha on March 25, 2025, and now awaits approval from the Rajya Sabha to become law.
Sources
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