Equalisation Levy Subject – Economy Context – Surge in equalisation levy, too; net direct tax collection up over 73 per cent Concept – Equalisation Levy was introduced in India in 2016, with the intention of taxing the digital transactions i.e. the income accruing to foreign e-commerce companies from India. It is aimed at […]

    EQUALISATION LEVY Subject : Economy Context :  government had moved an amendment in the Finance Bill 2020-21 imposing a 2 per cent digital service tax (DST) on trade and services by non-resident e-commerce operators with a turnover of over Rs 2 crore. Concept : It effectively expands the scope of equalisation levy that […]