GST revenue from 1-line service providers surges

By: |
January 1, 2020 6:00 AM

Given that these services have been taxed at 18% since start of GST, this reflects the robust expansion of the subscription base of these players over the past year.

Netflix, Amazon Prime, Hotstar, Apple and Microsoft grew over 62% so far in the current fiscal compared with last year's levelNetflix, Amazon Prime, Hotstar, Apple and Microsoft grew over 62% so far in the current fiscal compared with last year’s level

Average monthly GST payments in India by internet-based service providers including Netflix, Amazon Prime, Hotstar, Apple and Microsoft grew over 62% so far in the current fiscal compared with last year’s level, as per GST Network data.

Given that these services have been taxed at 18% since start of GST, this reflects the robust expansion of the subscription base of these players over the past year.

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