Equalisation Levy
Definition
A levy India applies to certain payments to non-resident digital service providers — historically on online advertising and, in a later form, on e-commerce supply. Its scope has changed over time and should be checked against the current law.
Related Terms in India GST
Section 80G
A deduction for donations to specified funds and charitable institutions in India, available at either 50% or 100% of the donation depending on the recipient, sometimes subject to a qualifying-amount limit.
Form 10E
A form filed to claim relief under Section 89 of India's income-tax law when salary is received in arrears or in advance, spreading the tax effect so the taxpayer is not pushed into a higher bracket by the lump sum.
GSTR-1A
An amendment facility that lets a supplier correct or add details to a GSTR-1 for a tax period before the corresponding GSTR-3B is filed, so outward-supply data can be fixed without waiting for a later period.
GST Late Fee
A fee charged for filing a GST return after its due date, accruing per day up to a cap that depends on the return and the taxpayer's turnover. It is separate from interest on unpaid tax.
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