Netflix's tariffs likely to stay same; won't pass on equalisation levy to customers this yearET had reported in its edition dated August 5 that Google's stance of passing on the 2% equalisation levy to all its clients, even if they ...
06 Aug, 2021, 12.06 AM IST
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...
02 Apr, 2021, 09.04 AM IST
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...
12 Feb, 2021, 08.14 PM IST
Transactions involving royalty, tech fee taxable under I-T not liable for equalisation levy: BudgetThe Union Budget clarified that transactions taxable under income-tax are not liable for equalisation levy. In the past, there have been co...
01 Feb, 2021, 09.21 PM IST
India’s equalisation levy: Will it ignite a new trade war?USTR’s report points out that: “India’s Digital services taxes is an outlier. It taxes numerous categories of digital services that are not...
08 Jan, 2021, 10.53 AM IST
Equalisation levy does not discriminate against US firms: IndiaIn a statement, the commerce and industry ministry said there is no retrospective element as the levy was enacted before the 1st day of Apr...
07 Jan, 2021, 08.03 PM IST
Catch-22 situation for e-commerce platforms selling goods in IndiaBeginning this April, the government has introduced a 2% equalisation levy which would also be applicable. The question is whether 2% has t...
09 Nov, 2020, 09.34 AM IST
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...
06 Nov, 2020, 09.49 AM IST
Foreign ecommerce, digital players rush to banks to pay equalisation levyBig players such as Google, Amazon, Netflix and Adobe have already paid the 2% equalisation levy – or the ‘Google tax’ – on their earnings ...
31 Oct, 2020, 11.19 AM IST
Apple passes on 2 per cent equalisation levy to Indian consumersWhenever “taxes or foreign exchange rates change, the company has to update prices on the App store,” Apple told its consumers on the site....
31 Oct, 2020, 07.08 AM IST
Govt not considering extending equalisation levy deadline, says companies got enough timeThe 2 per cent Equalisation Levy was introduced in the 2020-21 Budget and has come into effect from April 1, 2020. The deadline for payment...
07 Jul, 2020, 08.18 PM IST
Govt should keep in abeyance equalisation levy on non-resident e-commerce cos: ExpertsThe government should consider keeping in abeyance the 2 per cent equalisation levy on e-commerce companies as there are ambiguities surrou...
24 May, 2020, 06.02 PM IST
E-commerce firms seek clarity on equalisation levyThey also suggested that the levy should not be imposed on services or goods that are executed online but delivered offline – for instance,...
05 May, 2020, 07.46 AM IST
Cos seek clarification on equalisation levyFearing that the recently announced 2% equalisation levy on overseas ecommerce purchases by India-based companies will be imposed on all ov...
14 Apr, 2020, 08.00 AM IST
Big tech takes equalisation levy row to US govtA group of seven top industry associations representing internet and technology giants such as Google, Facebook, Amazon, Microsoft and Adob...
01 Apr, 2020, 11.32 AM IST
LinkedIn won't pass on equalisation levy to companies advertising on its platformLinkedIn plans to absorb the equalisation levy on all cross-border digital transactions and not pass it on to Indian firms advertising on i...
15 Jul, 2016, 09.58 AM IST
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...
30 May, 2016, 10.24 PM IST