TaxTMI 
TaxTMI 
Levy of Tax on Digital Services
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....evy of Tax on Digital Services <br>News and Press Release<br>Dated:- 6-5-2016<br><BR>A Committee constituted by the Central Board of Direct Taxes (CBDT) has recommended for the levy of tax on most dig....
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....ital services. The Committee constituted to examine taxation of E-Commerce, has recommended that Equalization Levy may be imposed at a rate of six to eight per cent, on any consideration of more than ....
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....one lakh rupees received by a non-resident from a resident of India or from a permanent establishment in India for certain specified digital services, including online advertising, any services for on....
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....line advertising and digital advertising space. The Finance Bill, 2016 proposes equalization levy at the rate of 6% of the amount of consideration for specified services received or receivable by a n....
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....on-resident, from a resident in India who carries out business or profession, or from a non-resident having a permanent establishment in India, where the aggregate amount of consideration received in ....
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....a year exceeds one lakh rupees. The proposed levy will have no direct impact on consumers as it is applicable only to business to business transaction. This was stated by Shri Jayant Sinha, Minister ....
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....of State in the Ministry of Finance in written reply to a question in Lok Sabha today.<BR> News - Press release - PIB....