Google tax collections remain muted in Q1, mop-up drops 30% to Rs 216 cr

The equalisation levy or the so-called Google tax showed muted collections in the first quarter (Q1) of the current financial year, despite its expansion to e-commerce companies. The yield declined 30 per cent after the first instalment deadline ended on Tuesday, compared to the same period last year, revealed preliminary collection figures. As on Tuesday, Rs 216 crore had been collected, against Rs 309 crore mopped up in the same period last year, said sources. Bengaluru and Hyderabad jurisdictions reported Rs 92 crore of collections each, compared to Rs 174 crore and Rs 89 .....

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