equalisation levy

MNCs fear equalisation levy on inter-group transactions

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MNCs fear equalisation levy on inter-group transactions

All goods imported by subsidiaries of multinational companies could attract the equalisation levy. The government said recently that only companies that have a permanent establishment (PE) in India would be outside the purview of the equalisation levy — a 2% tax applicable on gross revenue. This means laptops to automobiles and heavy industrial equipment to … Read more

No clarity on what happens in case of disputes in newly introduced equalisation levy: Dhruva Advisors

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No clarity on what happens in case of disputes in newly introduced equalisation levy: Dhruva Advisors

What happens when there would be a dispute over the newly introduced equalisation levy? That seems to be a question several tax experts seem to be asking as digital giants take different stands on how they want to deal with the levy that is applicable on their revenues from India. “Provisions pertaining to equalisation levy … Read more