Govt should review, defer 2% equalisation levy on e-commerce firms: Report

The government should review and defer the 2 per cent equalisation levy on non-resident e-commerce companies as it has a far-reaching impact, according to a report.

An Assocham-BMR Legal report - Equalisation Levy 2.0: India's Digital Services Tax in the making - said that there is a need for stakeholder consultations, a wholesome impact assessment, and steering impact on consumers of the digital economy.

Concerns surrounding the levy are not just theoretical or one-sided, but the law indeed has a far-reaching impact which necessitates its review, it said.

"Emphasising the need for stakeholder consultations and a wholesome impact assessment, including considerations arising on