Equalisation Levy
Equalisation Levy: Features, Applicability, Penalty
Equalization levy was first introduced in India and took influence from 01.06.2017. The financial act includes a new “Equalisation Levy” of 6% on services received by an Indian resident or a non-resident who has a permanent business establishment inside our nation from a non-resident person without any permanent establishment in India. Equalisation Levy helped the government of India deduct tax from global advertising companies in an indirect way. The due date of depositing the Equalisation levy is by the 7th of the following month from the calendar year. The taxpayers need to credit the tax amount to the central government
12/02/2020
