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EQUALISATION LEVY COLLECTION
Removal of 6% levy can help US and us as companies think globalIndia’s plan to remove the 6% equalisation levy on digital ads will ease compliance burdens, improve India-US trade ties, and lower ad cost...- India proposes to remove 6% Google tax from April 1, a day before Trump's retaliatory tariffs come into effectIndia plans to remove the 6% equalisation levy on online advertisement services from April 1 to likely placate US President Trump amidst on...
- Trump effect? Why the government wants to do away with the equalisation levy or Google taxThe government plans to remove the 6% equalisation levy, or "Google tax," on online ads from April 1, 2025, amid US pressure. The move aims...
- Big Tech firms play it safe, await clarity before adjusting India taxesIndia has said it will allow US multinationals to reduce tax liability to the tune of 2% equalisation levy paid in India
- Crypto tax set to complicate life for the exchangesWhen crypto exchanges deduct 1% TDS, it will be recorded as “consideration” on their books, say tax experts. This in turn would attract a 2...
- Alphabet, Meta paid Rs 1,254 crore as levy in FY21India collected a total of Rs 2,057 crore in equalization levy last fiscal, up 85%.
- Google to pass on 'Google tax' from OctoberDigital giant to follow Indian regulations precisely, to pass on equalisation levy even on transactions where neither buyer nor seller is I...
- India joins G20-OECD tax framework dealHowever, India will have to roll back the equalisation levy that it imposes on companies such as Google, Amazon and Facebook when the globa...
- India to tell America to drop retaliatory tariffs set in motion by equalisation levyThis comes days after the USTR proposed a retaliatory trade action — of up to 25% tariffs on basmati rice, sea foods and gold — against Ind...
- Foreign e-commerce companies will have to split sale price, fee retrospectivelySince sale prices would belong to the resident seller but commissions that the foreign platform charges would belong to the foreign entity,...
- Rs 1,492 cr worth equalisation levy collected in last 10 months: Govt to ParliamentIn a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Hardeep Singh Puri said the equalisation levy collection...
- No clarity on what happens in case of disputes in newly introduced equalisation levy: Dhruva Advisors“Provisions pertaining to equalisation levy on e-commerce transactions, do not grant recourse to the tax authorities to recover taxes in ca...
- High Court ruling: No equalisation levy for Mastercard Asia Pacific Ltd in IndiaThe revenue department submitted before the court that it would go by the Delhi Authority of Advance Ruling (AAR) order, in a separate case...
- MasterCard moves Delhi HC seeking a stay on payment of equalisation levy on digital transactionsThe company referred to Section 165A (2) (i) of the Income Tax Act, which states that the levy is not payable when a permanent establishmen...
- Google tax mop-up reaches Rs 2,600 cr since India began levying equalisation tax in 2016The collections have increased from Rs 338 crore in 2016-17, the first year since the so-called Google tax of 6% was introduced, to Rs 589 ...
- Google Tax: Government re-thinking equalisation levyThe government is doing a cost-benefit analysis and has reached out to stakeholders.
- Google and other digital service providers generate over Rs 560 cr in equalisation levyThe 6% tax in the form of an equalisation levy was introduced in June 2016 on the amount paid to internet companies by advertisers in India...
- Government gets Rs 146 crore from equalisation levy till Dec 2016-17As per the BEPS action plan, OECD has recommended to impose a final withholding tax on certain payments for digital goods or services.
- Equalisation levy of 6% to come in force from June 1At present, equalisation levy is leviable only on payments relating to online advertisements, said C A Gupta, Partner, Deloitte Haskins and...
- Introduce equalisation levy as part of Income Tax Act: AssochamAssocham suggested the government to introduce the equalisation levy as part of Indian Income Tax Act itself and not as a separate chapter ...
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