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[Cites 0, Cited by 1] [Section 153] [Entire Act]

Union of India - Subsection

Section 153(3) in Finance Act, 2020

(3)For the purposes of this section, "specified circumstances" mean-
(i)sale of advertisement, which targets a customer, who is resident in India or a customer who accesses the advertisement through internet protocol address located in India; and
(ii)sale of data, collected from a person who is resident in India or from a person who uses internet protocol address located in India.';
(v)in section 166, in sub-section (1), for the words "equalisation levy", the words, brackets and figures "equalisation levy referred to in sub-section (1) of section 165" shall be substituted;
(vi)in section 166, for the marginal heading, the following marginal heading shall be substituted, namely:-
"Collection and recovery of equalisation levy on specified services.";
(vii)after section 166, the following section shall be inserted, namely:-
"166A. Collection and recovery of equalisation levy on e-commerce supply or services.-The equalisation levy referred to in sub-section (1) of section 165A, shall be paid by every e-commerce operator to the credit of the Central Government for the quarter of the financial year ending with the date specified in column (2) of the Table below by the due date specified in the corresponding entry in column (3) of the said Table:
Serialnumber Dateof ending of the quarter of financial year Duedate of the financial year
(1) (2) (3)
1. 30th June 7thJuly
2. 30th September 7thOctober
3. 31st December 7thJanuary
4. 31st March 31stMarch.";
(viii)in section 167,-
(A)in sub-section (1),-
(a)for the word "assessee", the words "assessee or e-commerce operator" shall be substituted;
(b)for the words "specified services", the words "specified services or e-commerce supply or services, as the case may be," shall be substituted;
(B)in sub-section (2),-
(a)for the word "assessee", the words "assessee or e-commerce operator" shall be substituted;
(b)for the words "specified services was provided", the words "specified services was provided or e-commerce supply or services was made or provided or facilitated" shall be substituted;
(C)in sub-section (3), for the word "assessee" at both the places where it occurs, the words "assessee or e-commerce operator" shall be substituted;
(ix)in section 168,-
(i)in sub-section (1),-
(A)for the word "assessee" wherever it occurs, the words "assessee or e-commerce operator" shall be substituted;
(B)in clause (b), for the words "sum deductible", the words "sum deductible or payable, as the case may be," shall be substituted;
(C)in clause (c), for the word and figures "section 166", the words, figures and letter "section 166 or section 166A" shall be substituted;
(D)in the proviso, for the word "statement", the words "statement or revised statement" shall be substituted;
(ii)in sub-section (2), for the word "assessee", the words "assessee or ecommerce operator" shall be substituted;
(x)in section 169,-
(i)in sub-section (2), for the word "assessee", the words "assessee or ecommerce operator" shall be substituted;
(ii)in sub-section (3), for the word "assessee", wherever it occurs, the words "assessee or e-commerce operator" shall be substituted;
(iii)in sub-section (4), for the word "assessee", the words "assessee or ecommerce operator" shall be substituted;
(xi)in section 170,-
(A)for the word "assessee" the words "assessee or e-commerce operator" shall be substituted;
(B)for the word and figures "section 166", the words, figures and letter "section 166 or section 166A" shall be substituted;
(xii)in section 171,-
(i)for the word "assessee" the words "assessee or e-commerce operator" shall be substituted;
(ii)after clause (a), the following clause shall be inserted, namely:-
"(aa) fails to pay the whole or any part of the equalisation levy as required under section 166A; or";
(iii)in clause (b),-
(a)for the words "equalisation levy", the words, brackets and figures "equalisation levy referred to in sub-section (1) of section 165" shall be substituted;
(b)in the long line, in sub-clause (i), for the words "deduct; and", the following shall be substituted, namely:-
"deduct;
(ia)in the case referred to in clause (aa), in addition to the levy in accordance with the provisions of that section, or interest, if any, in accordance with the provisions of section 170, a penalty equal to the amount of equalisation levy that he failed to pay; and";
(xiii)in section 172, for the word "assessee", the words "assessee or e-commerce operator" shall be substituted;
(xiv)in section 173,-
(i)in sub-section (1), for the word "assessee", the words "assessee or e-commerce operator" shall be substituted;
(ii)in sub-section (2), for the word "assessee", the words "assessee or e-commerce operator" shall be substituted;
(xv)in section 174, in sub-section (1), for the word "assessee", the words "assessee or e-commerce operator" shall be substituted;
(xvi)in section 175,-
(i)in sub-section (1), for the word "assessee", the words "assessee or e-commerce operator" shall be substituted;
(ii)in sub-section (3), for the word "assessee", the words "assessee or e-commerce operator" shall be substituted;
(xvii)in section 178, for the word and figures "sections 120" the word and figures "sections 119, 120" shall be substituted;
(xviii)in section 180, in sub-section (1), for the words "expiry of a period of two years from the date on which the provisions of this Chapter come into force", the figures, letters and words "31st day of March, 2022" shall be substituted.