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

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The Income Tax division has introduced in modifications to the challan for paying the equalisation levy by increasing its scope to include non-resident e-commerce gamers supplying items or companies on-line.

Over two dozen non-resident tech corporations would come underneath the purview of the equalisation levy which was launched in Budget 2020-21 and has come into impact from April 1. Its first instalment is due on July 7.

The 2% tax can be levied on consideration obtained by such corporations from e-commerce provide or companies.

The earnings tax division has modifies challan ITNS 285 (relating 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 supply or services” underneath ‘Type of Deductor’

The challan additionally seeks necessary PAN of the deductor. Further, it offers for ‘Outside India’ choice whereas in search of deal with 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 rather imposed a burdensome and challenging task for non-resident e-commerce players to apply for and obtain PAN within one business day in the midst of curbs, lockdown and pandemic affected business life and also organize the mode of payment through an Indian bank account or debit card issued by an Indian bank,” he mentioned.

Non-resident digital corporations have been awaiting an in depth FAQ for readability on abstruse points across the equalisation levy, mentioned particulars.Nangia Andersen LLP Partner Sandeep Jhunjhunwala.

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