Amendment in Equalisation Levy 2020

Equalisation Levy on E Commerce Operator (Applicable from 01.04.2020)

Recently Finance Act has been passed on 27th March 2020 in which Section 165A has been added.

In this, E Commerce Operators will pay equalisation levy @ 2% on the consideration received or receivable from the sale or provisioning of goods/services or facilitating the sale or provisioning of goods/services to:

a) residents or

b) person using the IP Address located in India or

c) Non Residents under specified circumstances which are as follows:

1. Sale of advertisement, targeted for a customer resident in India or person using IP Address located in India
2. Sale of data, collected from a person resident in India or person who is using IP Address located in India.

Attached below is a detailed chart on Section 165A of Finance Act 2020