New Delhi: The Confederation of All India Traders<\/a> (CAIT<\/a>) has welcomed the Budget<\/a> proposal to impose 2 per cent extra tax on foreign e-commerce companies whether engaged in business of sale<\/a> of goods or providing services, acceptance of offer for sale, placing of purchase order, acceptance of purchase order, payment of consideration or supply of goods and services partly or wholly.

As per a statement, it has also been clarified in the Budget that the tax will be applicable for consideration of sale of goods, irrespective of whether the provider owns the portal, and consideration of provisions of services irrespective of whether services are provided or facilitated by e-commerce operators.

The provision has been made in the Budget by proposing amendments to Section 163 sub clause (3), Section 164 clause (cb), Section 165 sub section (3) and clause (b) of The
Finance Act<\/a>, 2016.

The provision will be applicable retrospectively with effect from April 1, 2020. All such foreign companies which are engaged in sale of goods or providing services through any online mode will come under the purview of this provision and will have to pay 2 per cent extra w.e.f. from April 1, 2020.

It's a bold step taken by the government which has been heartily welcomed by the traders across the country, CAIT said.

National president of CAIT, B.C. Bhartia, and secretary general, Praveen Khandelwal, while appreciating the move, said that the proposal expands the definition of \"online sale of goods\" and \"online provision of services\", thereby eliminating all confusions regarding what could be the true definition of e-commerce in
India<\/a>.

CAIT has welcomed the conceptual construct of this provision even as it studies its fine print. The provision amply reflects the intent of the government to crackdown on the the unholy business practices of global e-trailers to monopolise and control Indian e-commerce and retail trade, CAIt said .

Bhartia and Khandelwal informed that the introduction of equalisation levy is meant to create a level playing field and to prevent circumvention of tax laws on the digital transactions.

The Organisation for Economic Co-operation and Development (OECD) and the United Nations are also9 working on the issue, as there is a global consensus on bringing a mechanism to tax the digital economy adequately.

Though equalisation levy in India has undergone changes in 2020 from its introduction in 2016, certain changes have been introduced vide the
Finance Bill<\/a>, 2021
<\/p><\/body>","next_sibling":[{"msid":80661117,"title":"Xbox Series X console will be in short supply till June","entity_type":"ARTICLE","link":"\/news\/xbox-series-x-console-will-be-in-short-supply-till-june\/80661117","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"80651469","title":"Amazon","entity_type":"IMAGES","seopath":"business\/news\/amazon-flipkart-microsoft-to-pay-2-extra-tax-now\/amazon","category_name":"Amazon, Flipkart, Microsoft to pay 2% extra tax now","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-800936\/80651469.cms?width=150&height=112","link":"\/image\/business\/news\/amazon-flipkart-microsoft-to-pay-2-extra-tax-now\/amazon\/80651469"}],"msid":80661141,"entity_type":"ARTICLE","title":"Amazon, Flipkart, Microsoft to pay 2% extra tax now","synopsis":"The Confederation of All India Traders (CAIT) has welcomed the Budget proposal to impose 2 per cent extra tax on foreign e-commerce companies whether engaged in business of sale of goods or providing services, acceptance of offer for sale, placing of purchase order, acceptance of purchase order, payment of consideration or supply of goods and services partly or wholly.","titleseo":"telecomnews\/amazon-flipkart-microsoft-to-pay-2-extra-tax-now","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":627,"shares":0,"engagementtimems":2302000},"Alttitle":{"minfo":""},"artag":"IANS","artdate":"2021-02-03 08:22:50","lastupd":"2021-02-03 08:23:26","breadcrumbTags":["Microsoft","sale","CAIT","finance act","Finance Bill","India","Confederation of All India Traders","budget","policy"],"secinfo":{"seolocation":"telecomnews\/amazon-flipkart-microsoft-to-pay-2-extra-tax-now"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2021-02-03" data-index="article_1">

亚马逊,Flipkart公司,微软现在额外支付2%的税

印度贸易商联合会(CAIT)欢迎预算提案对外国电子商务公司征收2%的额外税收是否从事经营销售货物或提供的服务,接受标价出售,将采购订单,接受采购订单,给付对价或供应商品和服务的部分或全部。

  • 更新于2021年2月3日08:23点坚持
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新德里:联盟的印度商人(CAIT)欢迎预算建议对外国电子商务公司征收2%的额外税收是否从事业务出售的商品或者提供服务,接受标价出售,将采购订单,接受采购订单,给付对价或供应商品和服务的部分或全部。

根据声明,它也澄清了预算的税将适用于考虑出售商品,而不管提供者拥有门户,考虑的规定提供服务而不管服务或通过电子商务运营商。

广告
提供了163年预算提出了修改部分的子条款(3),164条款(cb),第165小节(3)和(b)的条款财政法,2016年。

条款将适用的回顾性效应从4月1日,2020年。所有这些外国公司从事销售货物或者提供服务的通过任何在线模式将面临这一规定的范围,将不得不支付2%额外w.e.f.从4月1日,2020年。

这是一个大胆的一步采取的政府一直衷心的欢迎全国交易员,CAIT说。

国家主席CAIT,公元前Bhartia,秘书长Praveen口而升值,说,建议扩大“在线销售货物”的定义和“在线提供服务”,从而消除所有困惑关于真正的电子商务的定义印度

CAIT欢迎这一规定即使它研究的概念构建它的小字。提供充分反映了政府的意图打击垄断的全球电子商务零售商的邪恶的商业实践和控制印度电子商务和零售贸易,CAIt说。

广告
Bhartia和口告知平衡税的引入是为了创造一个公平竞争的环境,防止规避税法的数字交易。

经济合作与发展组织(OECD)和联合国also9工作在这个问题上,有一个全球共识带来的税收数字经济充分的机制。

尽管平衡税在印度经历了变化从2020年的2016年,推出某些变化已经见了财政法案,2021年

  • 发布于2021年2月3日凌晨08:22坚持
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New Delhi: The Confederation of All India Traders<\/a> (CAIT<\/a>) has welcomed the Budget<\/a> proposal to impose 2 per cent extra tax on foreign e-commerce companies whether engaged in business of sale<\/a> of goods or providing services, acceptance of offer for sale, placing of purchase order, acceptance of purchase order, payment of consideration or supply of goods and services partly or wholly.

As per a statement, it has also been clarified in the Budget that the tax will be applicable for consideration of sale of goods, irrespective of whether the provider owns the portal, and consideration of provisions of services irrespective of whether services are provided or facilitated by e-commerce operators.

The provision has been made in the Budget by proposing amendments to Section 163 sub clause (3), Section 164 clause (cb), Section 165 sub section (3) and clause (b) of The
Finance Act<\/a>, 2016.

The provision will be applicable retrospectively with effect from April 1, 2020. All such foreign companies which are engaged in sale of goods or providing services through any online mode will come under the purview of this provision and will have to pay 2 per cent extra w.e.f. from April 1, 2020.

It's a bold step taken by the government which has been heartily welcomed by the traders across the country, CAIT said.

National president of CAIT, B.C. Bhartia, and secretary general, Praveen Khandelwal, while appreciating the move, said that the proposal expands the definition of \"online sale of goods\" and \"online provision of services\", thereby eliminating all confusions regarding what could be the true definition of e-commerce in
India<\/a>.

CAIT has welcomed the conceptual construct of this provision even as it studies its fine print. The provision amply reflects the intent of the government to crackdown on the the unholy business practices of global e-trailers to monopolise and control Indian e-commerce and retail trade, CAIt said .

Bhartia and Khandelwal informed that the introduction of equalisation levy is meant to create a level playing field and to prevent circumvention of tax laws on the digital transactions.

The Organisation for Economic Co-operation and Development (OECD) and the United Nations are also9 working on the issue, as there is a global consensus on bringing a mechanism to tax the digital economy adequately.

Though equalisation levy in India has undergone changes in 2020 from its introduction in 2016, certain changes have been introduced vide the
Finance Bill<\/a>, 2021
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