15% tax on music, e-book downloads from overseas websites starting Dec 1: Report
Beginning December 1 this year, a service tax component of 15% will be added to your bill if you download music or e-books from any overseas site, Times of India reported on Saturday. The tax will also apply if you buy cloud storage from any overseas service provider. The Central Board of Excise and Customs, through four notifications dated November 9, changed the definition of 'place of provision of service'.... Read More
