Introduction to Equalisation Levy

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.... digital economy. Pursuant to the recommendations of the Committee, Chapter VIII of the Finance Act, 2016, titled "Equalisation Levy" was introduced. The CBDT issued a notification dated 27th May, 2016, stating that the provisions of Chapter VIII relating to the equalisation levy would come into effect from 1st June 2016. This Chapter extends to the whole of India except Jammu and Kashmir. It app....

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....means providing of an information technology platform by an e-commerce entity on a digital & electronic network to act as facilitator between buyer and seller. * Inventory based model of e-commerce means an e-commerce activity where inventory of goods and services is owned by an e-commerce entity and is sold to the consumers directly. * Subscription e-commerce business model * Digital identi....