Page 2 - Equalisation Levy
Equalisation levy of 2% on e-comm firms non-discriminatory: India tells US
India said the ongoing multilateral consultations under the aegis of the G-20-OECD due in this regard have not arrived at any consensus even after many years of discussions
 "Equalisation levy of 2% on e-comm firms non-discriminatory: India tells US")
Equalisation levy on e-commerce firms: Govt says tax in line with WTO rules
It emphasised that the levy was applicable prospectively, and could not be said to have 'extra-territorial' application
 "Equalisation levy on e-commerce firms: Govt says tax in line with WTO rules")
Google tax collections remain muted in Q1, mop-up drops 30% to Rs 216 cr
The yield declined 30 per cent after the first instalment deadline ended on Tuesday, compared to the same period last year, revealed preliminary collection figures
 "Google tax collections remain muted in Q1, mop-up drops 30% to Rs 216 cr")
Govt should review, defer 2% equalisation levy on e-commerce firms: Report
Concerns surrounding the levy are not just theoretical or one-sided, but the law indeed has a far-reaching impact which necessitates its review, it said
 "Govt should review, defer 2% equalisation levy on e-commerce firms: Report")
Digital MNCs likely to miss July 7 deadline for paying Google tax
The development indicates that government has not heeded to calls for deferment of the tax by the industry
 "Digital MNCs likely to miss July 7 deadline for paying Google tax")
Govt and businesses want greater tax certainty, says Grace Perez-Navarro
We find countries are willing to do this if they get in exchange greater tax certainty, better dispute prevention, and binding dispute resolution mechanisms
 "Govt and businesses want greater tax certainty, says Grace Perez-Navarro")
Govt gets Rs 146 crore from equalisation levy till Dec 2016-17
The levy will only apply to business to business transactions.
 "Govt gets Rs 146 crore from equalisation levy till Dec 2016-17")
