On 21 March 2016, the Indian Income Tax Department published the Proposal for Equalization Levy on Specified Transactions (Report of the Committee on Taxation of E-Commerce). The report covers several aspects of the taxation of e-commerce in the context of the final report for Action 1 of the OECD BEPS Project, including the committee's recommendations for an equalization levy, which the government included in the 2016-2017 Union Budget ({News-2016-03-01/P/2- previous coverage}).
The report,…