Apple passes on 2 per cent equalisation levy to Indian consumers - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Apple passes on 2 per cent equalisation levy to Indian consumers

Whenever “taxes or foreign exchange rates change, the company has to update prices on the App store,” Apple told its consumers on the site. “New equalisation levy of 2% in addition to the existing GST of 18%” will be levied on purchases, it said.

from Industry-Economic Times
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