Advertisement

Netflix but no chill? Online downloads, subscriptions from foreign sites to get 15 % tax

Downloading foreign content from services like Netflix, Apple and Amazon Kindle will attract a 15 percent tax.

Advertisement
FP Staff|Nov 15, 2016, 14:08:09 IST

Thanks to the Central Board of Excise and Customs, you will be paying an additional 15 percent on downloads from foreign content providers.[caption id="attachment_2612074" align="alignleft" width="380"]netflix_380 Representational image. Netflix[/caption]According to this Economic Times report, CBEC has made changes to the 'Place of Provisions of Services Rules' (PPSR) for 'online information and database access or retrieval services' through four separate but interlinked notifications dated November 9 which will impact your online services bill significantly.This means that you favourite 'Netflix & Chill' pastime will cost you more.The basic plan which costs Rs 500 might be hiked up to Rs 575, and so on. Even listening to your favourite artists on Itunes or buying The Cursed Child e-book on your Amazon Kindle will cost you more.It's still undecided if these companies will adjust their price structures to accommodate the tax or will they let their consumers pay more.  The change will hit bills of subscription services, web hosting services, downloading of e-books, music, movies, and even online gaming, Times of India reports.On a brighter note, TVFplay, Hotstar, Gaana will not be affected by this move as they already include the service tax component in their subscription packages.

Handpicked stories, in your inbox
Global stories. Indian perspective. Zero noise.
No Spam. Unsubscribe Any Time.
First Published:Nov 15, 2016, 14:08:09 IST
Advertisement
Advertisement
Trending Stories

Amitabh Bachchan reveals being admitted to the ICU and undergoing surgery, calls recovery 'the most difficult phase of life'

Amitabh Bachchan has revealed he was hospitalised, underwent surgery and spent time in the ICU. The veteran actor reflected on the emotional and physical challenges of recovery in a deeply personal blog post.
2 min read
Advertisement
Advertisement
Up Next