The “equalisation levy” on online advertising fees paid by Indian customers to foreign companies like Google and Facebook is netting the government a tidy sum of money. The Centre’s EQL revenue in 2017-18 was over Rs 700 crore, much higher than the Rs 315 crore it garnered from the tax in the previous 10-month period. The tax, meant to nullify the advantage of foreign e-commerce firms absent a physical presence in India over local competitors, came into effect in June 2016.

Source - https://www.financialexpress.com