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of <h1>Finance Bill 2021 amends Equalisation Levy: Expands e-commerce definitions, clarifies exclusions, and retroactively applies changes from April 2020.</h1> The Finance Bill 2021 proposes amendments to the Equalisation Levy provisions under the Finance Act, 2016. The levy, at a rate of 2%, applies to e-commerce operators for services provided to Indian residents, non-residents in specified circumstances, or users with an Indian IP address. Amendments clarify that the levy excludes royalties or technical service fees taxable under other agreements. Definitions of e-commerce activities are expanded to include various online transactions. These changes are retroactive from April 1, 2020. Additionally, section 10(50) amendments specify that exemptions do not apply to royalties or technical service fees, effective from April 1, 2021.
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