Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Bill - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Charge of equalisation levy - Clause 162 of Bill provides for ...


Bill's Clause 162 Introduces 6% Equalisation Levy on Nonresident Specified Services for Specified Persons.

March 4, 2016

Act Rules     Bill

Charge of equalisation levy - Clause 162 of Bill provides for charge of equalisation levy at the rate of six per cent. of the amount of consideration for any specified service received or receivable by a person, being a nonresident from the persons referred therein.

View Source

 


 

You may also like:

  1. Collection and recovery of equalisation levy - Clause 163 of the Bill provides for collection and recovery of equalisation levy by a person, being a resident and...

  2. EQUALISATION LEVY - Chapter VIII of the Bill seeks to insert a new Chapter in the Finance Bill, 2016 which deals with equalisation levy, collection and recovery of such...

  3. The government has proposed to abolish the 6% Equalisation Levy on online advertisements through amendments to the Finance Bill 2025 introduced in the Lok Sabha. This...

  4. Amendment of section 40. - No deduction of any consideration paid or payable to a non-resident for a specified service on which equalisation levy is deductible under...

  5. The case involved a dispute regarding the classification of services provided by the appellant as Works Contract Service or Construction of Residential...

  6. Refund of CENVAT Credit - time limitation - Rule 5 of CENVAT Credit Rules itself clearly specifying that such refund claims would be subject to “such safeguards,...

  7. Export of services or not - Reversal of Credit - The fundamental charge that the service recipients are ‘other establishments’ of service providers in terms of in terms...

  8. Finance Bill, 2015 - service tax - Substantial overall in levy of penalty u/s 76 and 78

  9. Refund claim of service tax paid on cancelled transactions - Post GST era - Rejection of refund under Rule 6(3) of Service Tax Rules read with Sec 142(5) of CGST Act -...

  10. FINANCE (No. 2) BILL, 2019 - Clause by Clause

  11. Budget 2018-19, budget speech, news, updates with Notifications and Finance Bill 2018 - Clause by Clause

  12. GST Bills - PDF files + Clause by Clause

  13. Finance Bill, 2016 [Clause by Clause]

  14. Adjustment of excess service tax paid with subsequent service tax liability - case of Revenue is that Rule 6 (3) of Service Tax Rules, 1994 do not provide for such...

  15. Levy of IGST - Export of services or not - telecom services - Place of supply - international Inbound Roaming Services (IIR) and International Long Distance (ILD)...

 

Quick Updates:Latest Updates