Page 8 - Equalisation Levy News Today

The countdown for the Union Budget 2021 has started with all eyes on Union Finance Minister Nirmala Sitharaman's third budget, which she will be presenting on February 1, 2021.

India’s equalisation levy: Will it ignite a new trade war? SECTIONS Share Synopsis USTR’s report points out that: “India’s Digital services taxes is an outlier. It taxes numerous categories of digital services that are not leviable under other DSTs adopted around the world. This brings more US companies within the scope of the DST, and makes the measure significantly more burdensome.” Agencies While the path that India will adopt is not immediately known, it is unlikely that India wil...

The Central government has said that the equalisation levy is non-discriminatory and seeks to ensure a level-playing field between e-commerce activities undertaken by entities resident in India, and those that are not.The development comes day ...

Read more about India says equalisation levy does not discriminate against any US company on Business Standard. 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

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

Updated: January 08, 2021 14:56 IST USTR started investigation in June last year against Equalisation Levy (EL), on the ground of Section 301 of the U.S. Trade Act of 1974. Share Article AAA The tax applied since April 1, 2020 covers all digital transactions in India, including e-commerce supplies by non-resident players.   | Photo Credit: Reuters USTR started investigation in June last year against Equalisation Levy (EL), on the ground of Section 301 of the U.S. Trade Act of 1974. (Subscribe ...

Updated Jan 07, 2021 | 11:49 IST India, through the Finance Act 2021-21 imposed a 2% digital tax on trade and services by non-resident e-commerce players with a turnover of over 2 crores USTR slams India’s discriminatory digital taxes calls; India defends stance cites OECD report.&nbsp New Delhi: The digital taxes levied by India on Google, Amazon and Facebook are discriminatory and are not in line with international tax norms said United States Trade Representative. Th...

Equalisation levy does not discriminate against US firms: India SECTIONS Last Updated: Jan 07, 2021, 08:03 PM IST Share Synopsis In a statement, the commerce and industry ministry said there is no retrospective element as the levy was enacted before the 1st day of April, 2020, which is the effective date of the levy. Agencies "The levy does not discriminate against any US companies as it applies equally to all non-resident e-commerce operators irrespective of their country of residence," it sa...

India’s equalization levy is unfair: USTR Premium 2 min read USTR said the tax is actionable under US laws which authorise withdrawal of trade concessions or imposing duties on exports from India USTR identified 119 companies as likely liable under the digital services tax, of which 86, or 72%, were US companies Share Via Read Full Story India promised “appropriate action" after a US Trade Representative (USTR) investigation report said New Delhi’s 2% tax on the digital economy is “unre...

India, on its part to defend the equalisation tax aka Google Tax, said that its aim was to ensure a level playing field between local and foreign e-commerce companies, that the tax does not discriminate against any US company, and that it has no retrospective element.