TMI BlogEqualisation levy (Amendment) Rules, 2020X X X X Extracts X X X X X X X X Extracts X X X X ..... ction (2) of Section 179 of the Finance Act, 2016 (28 of 2016) , the Central Government hereby makes the following rules to amend the Equalisation levy Rules, 2016 , namely:- 1. Short title and commencement . ─ (1) These rules may be called the Equalisation levy (Amendment) Rules, 2020. (2) They shall come into force on the date of their publication in the Official Gazette. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rules 4 and 5 , the following shall be substituted, namely:- 4. Payment of Equalisation levy. ─ The assessee or e-commerce operator, as the case may be, who are required to deduct and pay equalisation levy, shall pay the amount of such levy, by remitting it into the Reserve Bank of India or in any branch of the State Bank of India or of any authorised Bank accompanied by an equalis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... come-tax (Systems), as the case may be, for the purpose of ensuring secure capture and transmission of data, shall - (i) lay down the procedure for electronic filing of Form No.1; (ii) lay down the data structure, standards and manner of generation of electronic verification code, referred to in sub rule (2), for the purpose of verification of the person furnishing the said form; (iii) be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rule 8 , for sub-rules (2), (3) and (4), the following shall be substituted, namely:- (2) The form of appeal referred to in sub-rule (1), shall be verified by the person who is authorised to verify the statement under rule 5, as applicable to the assessee or e-commerce operator, as the case may be. (3) Any document accompanying Form No. 3 shall be furnished in the same manner in which the F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or, as the case may be shall be substituted. 9. In the said rules in the APPENDIX, - (a) for Form No. 1, the following Form shall be substituted, namely: - [F. No. 370142/21/2020-TPL] NIRAJ KUMAR, Dy. Secy. (Tax Policy and Legislation Division) Note: The principal rules were published in the Gazette of India, Extraordinary, Part-II, section-3, sub-section (ii) vide numbe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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