CBDT notifies Equalisation levy (Amendment) Rules, 2020; revises Forms for filing statement & appeals

The Finance Act, 2020 had amended the Chapter-VIII of the Finance Act, 2016 to extend the provisions of Equalisation Levy to the e-commerce supplies. Now, the CBDT has notified the Equalisation levy (Amendment) Rules, 2020 to amend the Equalisation levy Rules, 2016. The Rules have been amended considering the changes brought by the Finance Act, 2020. The board has also amended forms for filing statement and appeal before CIT(Appeals) & ITAT.

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