I-T dept amends tax challan to include non-resident e-commerce suppliers for equalisation levy

The Revenue Tax division has introduced in modifications to the challan for paying the equalisation levy by increasing its scope to incorporate non-resident e-commerce gamers supplying items or providers on-line. Over two dozen non-resident tech firms would come below the purview of the equalisation levy which was launched in Finances 2020-21 and has come into impact from April 1. Its first instalment is due on July 7. The two% tax can be levied on consideration acquired by such firms from e-commerce provide or providers. The earnings tax division has modifies challan ITNS 285 (referring to fee of equalisation levy) to allow fee of the primary installment by non-resident e-commerce operators. The amended challan now provides “e-commerce operator for e-commerce provide or providers” below ‘Sort of Deductor’ The challan additionally seeks necessary PAN of the deductor. Additional, it gives for ‘Exterior India’ possibility whereas in search of tackle together with this modification within the fee challan, the Central Board of Direct Taxes (CBDT) has additionally cleared the clouds on requirement of PAN by making it a compulsory tab within the challan.“This has moderately imposed a burdensome and difficult job for non-resident e-commerce gamers to use for and procure PAN inside one enterprise day within the midst of curbs, lockdown and pandemic affected enterprise life and likewise set up the mode of fee by way of an Indian checking account or debit card issued by an Indian financial institution,” he stated. Non-resident digital firms had been awaiting an in depth FAQ for readability on abstruse points across the equalisation levy, stated particulars.Nangia Andersen LLP Accomplice Sandeep Jhunjhunwala.

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