Equalization Levy is a concern for digital transactions in the automobile sector, Society of Indian Automobile Manufacturers says in a statement, asking the govt to clarify the scope of the 2% tax.
- Digitalization is used in the auto sector for convenience and increasing efficiencies, and not for taking a final commercial decision on sale and purchase,
Rajesh Menon, Director General of Siam says in the statement
- Internal digital system for supply chain management should not fall within the provisions of equalization levy, he says
- NOTE: On July 12,
India EL 2021—Expansion of Provisions: Tax Insight
- NOTE: In March 2020, ...