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Finance Minister Nirmala Sitharaman in February’s budget introduced the digital tax. The equalisation levy (EQL) was operationalised from April 1 - the first instalment was due on July 7 - and applies only to non-resident companies selling goods and services online.
"The levy was introduced as a wild card entry in the Finance Act, 2020, without a proper consultation/ policy process that typically precedes a tax reform in India," Amit Singhania, partner, Shardul Amarchand Mangaldas & Co, said.
