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X-WR-CALNAME:The Chamber of Tax Consultants
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X-WR-CALDESC:Events for The Chamber of Tax Consultants
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DTSTART;TZID=UTC+0:20200812T053000
DTEND;TZID=UTC+0:20200812T193000
DTSTAMP:20260506T155637
CREATED:20200806T092729Z
LAST-MODIFIED:20200806T092729Z
UID:3852-1597210200-1597260600@ctconline.info
SUMMARY:WEBINAR ON EQUALISATION LEVY AS EXPANDED BY THE FINANCE ACT 2020 – CONCEPT AND PANEL DISCUSSION
DESCRIPTION:\nBackground: \nVide the Finance Act\, 2020\, the Indian Government has expanded the scope of Equalisation Levy (‘EL’) payable by Non-Residents in India. The EL was first introduced by the Finance Act\, 2016. As per expanded EL provisions\, which were not proposed in the Finance Bill 2020\, an EL at the rate of 2% is chargeable on consideration (exceeding the threshold prescribed) received or receivable by a non-resident e-commerce operator (who owns\, operates or manages digital or electronic facility) from e-commerce supply or services (online sales of goods or provisions of services) made or provided or facilitated by it. The scope of EL has been kept outside the provisions of the Income-tax Act 1961 and therefore outside the protection of Tax Treaties. \nSuch expanded scope of EL has raised many interpretation issues on its applicability and has far reaching implications on cross border transactions. As per recent press releases the much awaited clarification expected on EL from the Government is also unlikely to be forthcoming.  \nIn this regard\, the International Taxation Committee of the Chamber of Tax Consultants is pleased to invite you to a live webinar wherein a presentation on EL and panel discussion will be conducted as per following details. \n\n\n\nDate & Day\n:\nWednesday\, 12th August\, 2020\n\n\nTime\n:\n5.30 pm to 7.30 pm\n\n\nTopic\n:\n(1) Presentation on background\, scope and ambit of expanded scope of EL as introduced by the Finance Act 2020\, whether any foreign tax credit available under DTAAs\, constitutional validity and its overlap with the provisions of the Income-tax Act 1961.\n(2) Panel Discussion on constitutional validity\, issues\, challenges and areas of uncertainties with respect to electronic facility / platform\, online sale of goods\, online provisions of services and various other provisions of EL.\n\n\nFaculties\n:\nPanelists: CA Himanshu Parekh \, Adv Rajesh Simhan \nModerator : CA Jimit Devani\n\n\n\n\nParticipation Fees:- \nCTC Members:- Rs. 200/- + Rs. 36/- (GST) = Rs. 236/-\nNon-Members:- Rs. 300/- + Rs. 54/- (GST) = Rs. 354/-\n\nLimited seats and registration on first cum first basis. \n
URL:https://ctconline.info/event/webinar-on-equalisation-levy-as-expanded-by-the-finance-act-2020-concept-and-panel-discussion/
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