Equalisation Levy

ITAT rejects equalisation levy over jurisdictional grounds, setback for I-T

Assessee was subjected to disallowance of Rs.8.89 cr for not charging EQ on the AdWords charges paid to Google Singapore

India won't make sovereign commitment on future digital services tax

May delay implementation of global tax deal

Digital tax for US companies to stay until OECD pact comes into force

US to withdraw threat of retaliatory trade action

Will India gain by withdrawing equalisation levy in exchange for OECD deal?

There is little consensus among experts on whether or not the deal will bring in more revenues to India than the equalisation levy

India may withdraw equalisation levy if global min tax deal comes through

India may have to withdraw digital services tax or the equalisation levy and give a commitment not to introduce such measures in the future if the global minimum tax deal comes through

India, other G24 nations call for gradual withdrawal of 'Google tax'

The G24 now pressed for a gradual removal of unilateral measures, simultaneous to revenue gains from the implementation of Pillar 1

Digital taxation: How a consensus-based approach may benefit Indian economy

The government has taken a balanced stance by committing to the multilateral approach for addressing tax challenges of digitalisation

India notifies digital tax threshold of Rs 2 crore and 300,000 users

This is part of the Significant Economic Presence (SEP) principle, which was introduced in the Finance Bill 2018-19

Google tax: American IT and steel lobbies back action against India

The group has called for a retaliatory tariff action against India, if New Delhi does not roll back the 'unilateral and discriminatory' equalisation levy or Google Tax

Google tax collection nearly doubles in FY21; Bengaluru tops the list

India's information technology hub Bengaluru accou­nted for half of the overall equalisation levy mop up at Rs 1,020 crore

Finance Act fails to address industry concerns over equalisation levy

Experts say levy will cause compliance problems for taxpayers, having come so late. Companies will have to do a lot of adjustments in their own systems while trying to comply with this newly clarified

USTR proposes retaliatory tariffs against Indian goods over 2% digital tax

This follows investigation by the office of the US Trade Representative (USTR) last year under section 301 of the Trade Act, which concluded that India's equalisation levy, was "actionable"

Equalisation levy: Objective, Budget proposal and impact

India does not agree with USTR's report on e-commerce tax: Commerce Secy

India is not agree with the United States Trade Representative (USTR) report that the country's two per cent equalisation levy on foreign e-commerce firms discriminates against American companies

India says equalisation levy does not discriminate against any US company

India on Thursday said that 2 per cent equalisation levy (EL) does not discriminate against any US company as it applies equally to all non-resident e-commerce operators

USTR backs action against India's equalisation levy, finds it burdensome

Highlighting the discrimination part, the report said that of the companies that are subjected to India's equalisation levy, 72 per cent are American companies

Barred from diamond bids, jewellery exporters seek equalisation levy relief

The request features in GJEPC's representation made to finance ministry for union budget 2021-22

Equalisation levy posts 35% growth; overall tax collection remains muted

Direct tax, net of refunds, contracted by 24 per cent as of October 8 to Rs 3.66 trillion compared with Rs 4.8 trillion in the corresponding period last year.

Solar energy firms in SEZs pitch for equalisation levy on domestic supplies

The industry is pushing for an equalisation levy of 1-2 per cent on solar equipment supplied to the domestic market from SEZ units, whereas the BCD could be in the range of 15-20 per cent

Google tax 'very clear', no need for FAQs: Finance secretary A B Pandey

Finance Secretary Ajay Bhushan Pandey said FAQs are issued where you have to explain to somebody who is not familiar with tax laws and there you try to explain in simple words.