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of <h1>2% equalisation levy Apr 1 2020-Aug 1 2024 on e-commerce receipts for India-targeted sales, ads and data; PE, Rs2cr exemptions</h1> From 1 April 2020 a 2% equalisation levy applies to consideration received or receivable by an e-commerce operator for supplies or services made, provided or facilitated to persons resident in India, to purchases using an IP address in India, and in specified circumstances for non-resident supplies (advertising targeted at India and sale of data from Indian users). Exemptions include supplies effectively connected to a permanent establishment in India, amounts taxable under section 165, and operators whose e-commerce receipts from such supplies are under Rs. 2 crore in the previous year. Consideration includes sales of goods and provision of services subject to specified permanent-establishment exceptions. The section ceases to apply to supplies made on or after 1 August 2024.
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