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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 will budge on its stand that its Equalisation Levy (EL) aka digital services tax is unequitable. In thi...
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