{"id":840788,"date":"2024-08-03T10:09:54","date_gmt":"2024-08-03T04:39:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=840788"},"modified":"2024-08-03T10:29:33","modified_gmt":"2024-08-03T04:59:33","slug":"relief-for-non-resident-e-commerce-operators-abolishing-the-equalisation-levy","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/03\/relief-for-non-resident-e-commerce-operators-abolishing-the-equalisation-levy\/","title":{"rendered":"Relief for Non-resident E-commerce Operators: Abolishing the Equalisation Levy"},"content":{"rendered":"<p>The Hon\u2019ble Finance Minister has proposed a welcome change in the Union Budget 2024 by abolishing the Equalisation Levy (EL) of 2% on e-commerce operators, which was introduced under the Finance Act, 2020. <\/p>\n<p>Existing provisions and hardships faced <\/p>\n<p>Under the existing provisions, effective 01 April 2020, EL @ 2% (EL 2.0) was levied on the amount of consideration received or receivable by an e-commerce operator from e-commerce supply or services. An \u201ce-commerce operator\u201d refers to a non-resident who owns, operates, a digital or electronic facility or platform for online sales of goods or services, or both.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hon\u2019ble Finance Minister has proposed a welcome change in the Union Budget 2024 by abolishing the Equalisation Levy (EL) of 2% on e-commerce operators, which was introduced under the Finance Act, 2020. Existing provisions and hardships faced Under the existing provisions, effective 01 April 2020, EL @ 2% (EL 2.0) was levied on the amount of consideration received or receivable by an e-commerce operator from e-commerce supply or services. An \u201ce-commerce operator\u201d refers to a non-resident who owns, operates, a digital or electronic facility or platform for online sales of goods or services, or both.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-840788","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=840788"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/840788\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=840788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=840788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=840788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}