TaxTMI 
TaxTMI 
Equalisation levy (Amendment) Rules, 2020
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....laid down by the Principal Director- General of Income-tax (Systems) or Director General of Income-tax (Systems), as the case may be;'. 3. In the said rules, in rule 3,- (a) in the heading, the words "for specified services" shall be omitted; (b) for the words "The amount of consideration, for specified services and", the words, "The amount of consideration" shall be substituted. 4. In the said rules, for rules 4 and 5, the following shall be substituted, namely:- "4. Payment of Equalisation levy. ─ The assessee or e-commerce operator, as the case may be, who are required to deduct and pay equalisation levy, shall pay the amount of such levy, by remitting it into the Reserve Bank of India or in any branch of the State Bank of India or of any authorised Bank accompanied by an equalisation levy challan. 5. Statement of specified services or e-commerce supply or services. ─ (1) The statement required to be furnished under sub-section (1) or sub-section (2) of section 167 of the Act shall be in Form No. 1, duly verified in the manner indicated therein, and may be furnished by the assessee or e-commerce operator, as the case may be, ....
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.... (ii) lay down the data structure, standards and manner of generation of electronic verification code, referred to in sub rule (2), for the purpose of verification of the person furnishing the said form; and (iii) be responsible for formulating and implementing appropriate security, archival and retrieval policies in relation to the said form so furnished.". 8. In the said rules, in rule 9, for the word "assessee" at both the places where they occur, the words "assessee or e-commerce operator, as the case may be" shall be substituted. 9. In the said rules in the APPENDIX, - (a) for Form No. 1, the following Form shall be substituted, namely: - "FORM NO. 1 [See rule 5 of Equalisation levy Rules, 2016] Statement of Specified Services or E-Commerce Supply or Services EL-1 ACKNOWLEDGEMENT For Office use only Receipt No. .............. Date ............... Please follow instructions. Use block letters only. I. Please tick (✔) from the following which is applicable: Assessee &....
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....nbsp; (Not applicable in case of e-commerce operator) 9. TOTAL EQUALISATION LEVY PAID 10. EQUALISATION LEVY PAYABLE/ REFUNDABLE (7-9) 11. INTEREST PAYABLE LADE....
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....__________ (full name in block letters), son*/ daughter of _______________ having permanent account number ________________ solemnly declare that to the best of my knowledge and belief the information given in this statement is correct and complete and in accordance with provisions of Chapter VIII of the Finance Act, 2016 and Equalisation levy Rules, 2016. I further declare that I am making this statement in my capacity as ____________ and I am competent to make this statement and verify it. Date ________ Place ____________ (Name and Signature) Notes: 1. *Delete whichever is not applicable. 2. "Assessee" means a resident and carrying on business or profession or a non-resident having a permanent establishment in India, who is required to deduct the equalisation levy from the amount paid or payable to a non-resident in respect of specified service (section 166 of the Chapter VIII of the Finance Act, 2016) 3. "E-commerce operator" means a non-resident who owns, operates or manages digital or electronic facility or platform for online sale of goods or online provision of services or both, and is required to pay eq....
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....n enter details BSR Code Date of payment Sl. No. Amount 7. **Whether an appeal in relation to any other financial year is pending m the case of the appellant with any Commissioner (Appeals) 7.1 If reply to 7 is yes, then give following details- (a) Commissioner (Appeals), with whom the appeal is pending; (b) Appeal No. and date of filing of appeal; (c) Financial year in connection with which the appeal has been preferred; (d) Assessing Officer passing the order appealed against; (e) Section and sub-section of Chapter VIII of the Finance Act, 2016, under which the Assessing Officer passed the order appealed against; (f) the date of such order 8. Statement of facts 8.1 Facts of case in brief (not exceeding 1000 words) 8.2 List of documentary evidence relied upon 9. Grounds of Appeal 10. Address to which notices may be sent to the appellant ....
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.... 8. The Assessing Officer passing the original order 9. Section of Chapter VIII of the Finance Act, 2016 under which the Assessing Officer passed the order 10. Date of communication of the order appealed against 11. Address to which notices may be sent to the appellant 12. Address to which notices may be sent to the respondent 13. Relief claimed in appeal 14. Amount in dispute: (a) Equalisation levy (b) Interest (c) penalty GROUNDS OF APPEAL 1. 2. 3. 4. etc. ...................... ...................... Signed Signed (Authorised representative, if any) (Appellant) Verification I, ..................., the appellant, do hereby declare that what is stated above is true to the best of my information and belief. Verified today the ................ day of ................ Place ............... .................. Signed Notes: 1. The memorandum of appeal shall be in triplicate accompanied by two copies (....