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India: Tax for non-Indian e-commerce companies was withdrawn

Policy overview

Description

Tax for non-Indian e-commerce companies was withdrawn

On 1 August 2024, the equalisation levy on e-commerce operators, introduced by the Finance Act 2020, was repealed through the Finance (No. 2) Bill 2024. The Bill withdrew the 2% tax previously imposed on the online sale of goods either owned or faci…

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
platform intermediary: e-commerce
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2020-03-23
under deliberation

The Finance Act 2020 was amended and foresees the expansion of the Equalization Levy to include e-c…

2020-03-27
adopted

The Finance Act 2020 is adopted and therefore expands the scope of the Equalization Levy to e-comme…

2020-04-01
in force

The Finance Act 2020 comes into force and expands the Equalization Levy to e-commerce operators. A …

2024-08-01
revoked

On 1 August 2024, the equalisation levy on e-commerce operators, introduced by the Finance Act 2020…