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India: Tax for non-Indian e-commerce companies was withdrawn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Tax for non-Indian e-commerce companies was withdrawn

On 1 August 2024, the equalisation levy on e-commerce operators, introduced by the Finance Act 2020, was repealed through the Finance (No. 2) Bill 2024.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 facilitated by e-commerce operators, as well as on the provision of online services delivered or facilitated by them.

Original source

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…