RBI’s auto debit rule could cause tax woes for fintech startups

Due to RBI’s new auto debit rules, fintech startups run the risk of attracting a 2% equalisation levy as well as additional GST at 18% on part of the money they make through such an arrangement, especially in the case of OTT subscriptions.

from Banking/Finance-Industry-Economic Times https://ift.tt/3lbkJSx