Menu
Section 165 – Charge of Equalisation Levy on specified services
An equalisation levy at the rate of six per cent will be charged on the amount of consideration for any specified service received or receivable by a non-resident from-
Equalization levy will not be charged where:
Section 165A- Charge of equalisation levy on e-commerce supply of services
An Equalisation levy @ 2% of the amount of consideration received or receivable will be levied on the e-commerce operator for supply of e commerce services to any of the following-
Equalisation levy will not be charged where:
Section 166 – Collection and recovery of equalisation levy on specified services
Section 166A – Collection and recovery of equalisation levy on e-commerce supply or services
The equalisation levy u/s 165A to be collected and paid quarterly to the credit of Central Government as follows:
Section 167 (Annual Statement of Equalisation Levy charged):
Section 167 (Annual Statement of Equalization Levy charged) | |||||
|---|---|---|---|---|---|
Interest on delayed payment of equalisation levy
Section 170. Every [assessee or e-commerce operator], who fails to credit the equalisation levy or any part thereof as required under [section 166 or section 166A] to the account of the Central Government within the period specified in that section, shall pay simple interest at the rate of one percent of such levy for every month or part of a month by which such crediting of the tax or any part thereof is delayed.
Penalty u/s 171: Any e-commerce operator who fails to pay the levy/interest is liable to pay a penalty equal to the amount of equalisation levy that he failed to pay.
Disclaimer: The information contained in this Article is intended solely for personal non-commercial use of the user who accepts full responsibility of its use. The information in the article is general in nature and should not be considered to be legal, tax, accounting, consulting or any other professional advice. We make no representation or warranty of any kind, express or implied regarding the accuracy, adequacy, reliability or completeness of any information on our page/article.