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TMI BlogCentralised Processing of Equalisation Levy Statement Scheme, 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... (2) It shall come into force on the date of its publication in the Official Gazette. 2. Definitions . - In this scheme, unless the context otherwise requires, (a) Act means the Finance Act, 2016 ( 28 of 2016) ; (b) authorised representative shall have the same meaning as assigned to it in sub-section (2) of section 288 of the Income-tax Act,1961 (43 of 1961) ; (c) Centre means the Centralised Processing Centre as referred in clause (c) of paragraph 2 of the Centralised Processing of Returns Scheme, 2011 ; (d) Commissioner means the Commissioner of Income-tax, Centralised Processing Centre as referred in clause (d) of paragraph 2 of the Centralised Processing of Returns Scheme, 2011 ; (e) designated po ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rules. (2) An assessee or e-commerce operator may furnish an Equalisation Levy Statement or a revised Equalisation Levy Statement, as the case may be, under sub-section (2) of section 167 of the Act at any time before the expiry of two years from the end of the financial year in which the specified services was provided or e-commerce supply or services was made or provided or facilitated. (3) An assessee or e-commerce operator may furnish a Equalisation Levy Statement in response to notice sent by the Assessing Officer under sub-section (3) of section 167 of the Act in accordance with rule 6 of the rules. 5. Invalid Equalisation Levy Statement. - The Commissioner may declare an Equalisation Levy Statement, invalid,- (i) for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed Equalisation Levy Statement is furnished, the Centre shall process only the revised Equalisation Levy Statement and no further action shall be taken on the original Equalisation Levy Statement if it has not already been processed. (3) The Commissioner may, (a) adopt appropriate procedure for processing of Equalisation Levy Statements; or (b) decide the order of priority for processing of Equalisation Levy Statements based on administrative requirements. (4) The assessee or e-commerce operator may make an application to the Assessing Officer for amending any intimation issued under section 168 of the Act, within one year from the end of the financial year in which the intimation sought to be amended was issued. (5) Wher ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the purpose of facilitating the processing of Equalisation Levy Statements and all such clarification, evidence or document shall be furnished electronically. 8. Service of notice or communication. - For the purposes of this Scheme, - (a) every intimation, notice or any other communication under this Scheme from the Centre to the assessee or ecommerce operator or its authorised representative shall be made by, (i) delivering or transmitting its copy thereof, electronically to the person sent by the Centre s e-mail; (ii) placing its copy in the registered electronic account of the person on the designated portal ; or (iii) any of the modes mentioned in sub-section (1) of section 282 of the Income-tax Act,1961 . (b) The ..... X X X X Extracts X X X X X X X X Extracts X X X X
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