India: Adoption of Equalisation Levy in Finance Act 2016
Description
Adoption of Equalisation Levy in Finance Act 2016
The Rajya Sabah approved the Finance Act 2016 which was therefore adopted. it contains the introduction of a digital service tax. A tax of 6% shall be applied to the amount received for any specified service received by a person resident in India. S…
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
Hide details
2016-02-29
under deliberation
2016-05-05
under deliberation
2016-05-11
adopted