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of <h1>Equalisation Levy Introduced in Finance Bill 2016, Excluding Jammu & Kashmir; Central Govt to Announce Start Date.</h1> Chapter VIII of the Finance Bill, 2016 introduces the equalisation levy, applicable across India except Jammu and Kashmir. The Central Government will determine its commencement date through notification in the Official Gazette. The levy applies to payments for specified services rendered on or after the chapter's commencement. This chapter outlines the provisions for the collection and recovery of the levy.
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