No only equalisation levy is applicable
Yes, GST will be applicable at the rate of 18% under RCM.
Further, I want to correct myself that you have to pay Equalisation Levy @ 6% + TDS @ 2% if you take advertisement service from any entity registered outside India.
However, for an Individual or HUF, who was not liable for tax audit last year, is not required to deduct TDS @ 2%
It would be beneficial for you, if you do business with Google India as in that case you will get credit of TDS and you will not have to pay Equalisation Levy also, in that case.
Thanks!!
CAclubindia
