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India: Implementation of Equalisation Levy in Finance Act 2016

Policy overview

Description

Implementation of Equalisation Levy in Finance Act 2016

The Equalisation Levy comes into force as of 1 June 2016. A tax of 6% shall be applied to the amount received for any specified service received by a person resident in India. Specified service in this context refers to "online advertisement, any pr…

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
online advertising provider
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2016-02-29
under deliberation

The Finance Act 2016 was presented to the Lok Sabha. Chapter VIII contains the introduction of an E…

2016-05-05
under deliberation

The Lok Sabha passed the Finance Act 2016 containing a digital service tax to the Rajya Sabha. A ta…

2016-05-11
adopted

The Rajya Sabah approved the Finance Act 2016 which was therefore adopted. it contains the introduc…

2016-06-01
in force

The Equalisation Levy comes into force as of 1 June 2016. A tax of 6% shall be applied to the amoun…