At present, India has the equalization levy framework for limited foreign transaction happening digitally
India is taking a lead on this issue as it seeks to have in place a consensus-based solution by 2020
France and Germany agreed on a scaled-back version of the tax in a bid to overcome significant opposition to the plan among some of their EU neighbours
The new Franco-German proposal, which was first reported by the Financial Times, would still impose a 3 percent levy, but not cover data sales and online platforms