Equalisation levy applies to cross-border specified services from non-residents, subject to permanent establishment and threshold exclusions. An equalisation levy is chargeable on the amount of consideration for specified services received or receivable by a non-resident from a person resident in India carrying on business or profession, or from a non-resident having a permanent establishment in India, at the statutory rate. Exemptions apply where the service is effectively connected with a permanent establishment in India, where aggregate consideration falls below the statutory threshold, or where the payment is not for the purposes of carrying on business or profession.