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Statutory Provisions

Home Acts & Rules Bill Bills FINANCE BILL, 2016 Chapters List Chapter VIII EQUALISATION LEVY This

Clause 160 - Extent, commencement and application - FINANCE BILL, 2016

FINANCE BILL, 2016
Chapter VIII
EQUALISATION LEVY
  • Contents

CHAPTER VIII

EQUALISATION LEVY

Extent, commencement and application

160. (1) This Chapter extends to the whole of India except the State of Jammu and Kashmir.

(2) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

(3) It shall apply to consideration received or receivable for specified services provided on or after the commencement of this Chapter.

 



 

Notes on Clauses:

Chapter VIII of the Bill seeks to insert a new Chapter in the Finance Bill, 2016 which deals with equalisation levy, collection and recovery of such levy.

Clause 160 of the Bill provides that the said chapter shall come into force on such date as Central Government may, by notification in the Official Gazette, appoint.

 
 
 
 

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