India open for longer moratorium on e-commerce

In a change of stance, India has said at the World Trade Organisation (WTO) it is willing to consider extension of moratorium on taxation of cross border electronic transmissions beyond the customary two years citing the need to provide predictably to businesses.

“India’s stand was that we should look at a little longer period, so that businesses can plan their business activities for a longer period. This is still under discussion amongst various countries, and will be finalized in the next month or two in Geneva,” Commerce and Industry Minister Piyush Goyal said at a press conference on the 14th Ministerial Conference that concluded on Sunday.