The Indian government recently implemented a historic major overhaul of the tax system by implementing the Goods and Services Tax (GST). With the advent of GST, the earlier taxation regime has been replaced with a relatively simpler (albeit complex in its own right) tax structure. While I'll not get into details of the GST itself, there is a material and direct impact on Domain names and similar digital products (i.e. Hosting, SSL certs etc):
The earlier tax rates on Domain names was 15% + some cess. Now, under GST, the tax on Domain names will be 18% which effectively increases the price of domain names for buyers from India. GoDaddy has already implemented this I think (they don't break out the taxes so I'm not sure). Similarly, BigRock has split their operations between PDR for registrants from outside India and Directi for registrants from within India.
Long term, expect cost of domain investment to only go up in India as cumulative effect of GST makes an impact.
The earlier tax rates on Domain names was 15% + some cess. Now, under GST, the tax on Domain names will be 18% which effectively increases the price of domain names for buyers from India. GoDaddy has already implemented this I think (they don't break out the taxes so I'm not sure). Similarly, BigRock has split their operations between PDR for registrants from outside India and Directi for registrants from within India.
Long term, expect cost of domain investment to only go up in India as cumulative effect of GST makes an impact.