Section 165A Equalisation levy on e-commerce supply of services. AMENDMENTS TO THE FINANCE ACT, 2016 by Finance act 2020 from 01.04.2020 (ii) in section 164,— (A) after clause (c), the following clause shall be inserted, namely:— ‘(ca) “e-commerce operator” means a non-resident who owns, operates or manages digital or electronic facility or platform for online… Read More »
Equalisation Levy on use of Google AdWords Following is the Communication Received from Google regarding use of Google Adwords : This is to inform you that as per the Notification No. 37/ 2016: F.No. 370142/12/2016-TPL dated 27 May 2016 read with Finance Act, 2016, Government of India has levied an ‘Equalisation Levy’ on provision of… Read More »
Equalisation levy ( CHAPTER VIII of Finance Act 2016) Salient Features of Equalisation levy Equalisation levy shall come into force w.e.f 01.6.2016 Equalisation levy is covered in CHAPTER VIII of Finance Act 2016 ,which extend to whole of India except the State of Jammu and Kashmir. Equalisation levy shall be charged on any specified service received or receivable by… Read More »
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) NEW DELHI NOTIFICATION NO. 37/2016, Dated: May 27, 2016 S.O.1904(E). – In exercise of the powers conferred by sub-section (2) of section 163 of the Finance… Read More »
EQUALISATION LEVY ( EQUALISATION LEVY is covered in CHAPTER VIII of Finance Bill 2016) Extent, commencement and application Section 160. (1) This Chapter extends to the whole of India except the State of Jammu and Kashmir. (2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette,… Read More »