Equalization Levy 2.0 or 2.1 – The Pandora’s Box Just Got Deeper

Equalization Levy 2.0 or 2.1 – The Pandora’s Box Just Got Deeper

Equalization Levy was first introduced in Finance Act, 2016.  At the initial, it was restricted to only online advertisement/ digital advertising space and was charged on the non-resident entity, but the payment for the same was to be done by the service recipient in India. The rate of levy for such services was kept at 6%.  Then came the Budget 2020, in which the scope of Equalization Levy was expanded, thus a new category of services was added to it, thus making it as Equalization Levy 2.0. 

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