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TMI BlogEqualisation levy (Amendment) Rules, 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... ral 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, in the following manner, namely:- (i) electronically under digital signature; or (ii) electronically through electronic verificat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e 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 E-Commerce Operator II. (i) Statement filed under: Section 167(1)/ 167(2) (Belated/ Revised)/ 167(3) (ii) Document Identification Number, if filed u/s 167(3): . 1. NAME 2. ADDRESS 3. PERMANENT ACCOUNT NUMBER/ AADHAAR 4. FINANCIAL YEAR 5. WARD/ CIRCLE/ RANGE (IN RS.) 6. TOTAL AMOUNT OF CONSIDERATION (i) FOR SPECIFIED SERVICES PAID/ CREDITED (IN CASE OF ASSESSEE) (ii) RECEIVED OR RECEIVABLE FROM E-COMMERCE SUPPLY OR SERVICES (IN CASE OF E-COMMERCE OPERATOR) 7. EQUALISATION LEVY ON ITEM 6 8. TOTAL EQUALISATION ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Finance Act, 2016. 4. This Form is to be furnished and verified by- (i) in case of an Individual or HUF, the person authorised to verify, the return of income under section 140 of the Income-tax Act, 1961; (ii) in case of company, the person authorised to verify the return of income under section 140 of the Income-tax Act, 1961 or the Principal Officer; (iii) in any other case; the Principal Officer. (b) in Form No. 2, (i) at para 6, for the words and figure rule 8, duly stamped and verified as laid down in that form , the words and figures rule 8 of the Equalisation levy Rules, 2016 shall be substituted; (ii) at para 7, for the words and figure rule 9, duly stamped and verified as laid down in that form , the words and figures rule 9 of the Equalisation Rules, 2016 shall be substituted. (c) for Form No. 3, the following Form shall be substituted, namely: - FORM NO. 3 [See rule 8 of Equalisation levy Rules, 2016] Appeal to the Commissioner of Income-tax (Appeals) Designation of the Commissioner (Appeals) *No. .of .. EL-3 1. Name and address of the appellant 2. Permanent Account Number/ AADHAAR 3. Financial year in connection with which the appeal is preferred 4. Assessing Office ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the authorised Bank or a branch of the State Bank of India or a branch of the Reserve Bank of India after obtaining a challan from the Assessing Officer. (d) for Form No. 4, the following Form shall be substituted, namely:- FORM NO. 4 [see rule 9 of Equalisation levy Rules, 2016] Form of Appeal to the Appellate Tribunal EL-4 In the Income-tax Appellate Tribunal . * Appeal No . of . APPELLANT Versus RESPONDENT 1. Permanent Account Number/ AADHAAR of the Appellant 2. The State in which the order was made 3. Section of Chapter VIII of the Finance Act, 2016 under which the order appealed against was passed 4. The Commissioner (Appeals) passing the order appealed against 5. Financial year in connection with which the appeal is preferred 6. Total amount of consideration for the financial year referred to in item 5 (as applicable): (a) for specified services paid/ credited (b) in respect of supply or services 7. Total amount of penalty levied by the Assessing Officer for the financial year referred to in item 5 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 communicatio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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