9911796707
TMI BlogCentralised Processing of Equalisation Levy Statement Scheme, 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... publication in the Official Gazette. 2. Definitions. - In this scheme, unless the context otherwise requires, (a) "Act" means the Finance Act, 2016 ( 28 of 2016); (b) "authorised representative" shall have the same meaning as assigned to it in sub-section (2) of section 288 of the Income-tax Act,1961 (43 of 1961); (c) "Centre" means the Centralised Processing Centre as referred in clause (c) of paragraph 2 of the Centralised Processing of Returns Scheme, 2011; (d) "Commissioner" means the Commissioner of Income-tax, Centralised Processing Centre as referred in clause (d) of paragraph 2 of the Centralised Processing of Returns Scheme, 2011; (e) "designated portal" means the web portal designated as such by the Principal Director G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... revised Equalisation Levy Statement, as the case may be, under sub-section (2) of section 167 of the Act at any time before the expiry of two years from the end of the financial year in which the specified services was provided or e-commerce supply or services was made or provided or facilitated. (3) An assessee or e-commerce operator may furnish a Equalisation Levy Statement in response to notice sent by the Assessing Officer under sub-section (3) of section 167 of the Act in accordance with rule 6 of the rules. 5. Invalid Equalisation Levy Statement.- The Commissioner may declare an Equalisation Levy Statement, invalid,- (i) for non-compliance of procedure for using any software not validated and approved by the Director General; or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o further action shall be taken on the original Equalisation Levy Statement if it has not already been processed. (3) The Commissioner may, - (a) adopt appropriate procedure for processing of Equalisation Levy Statements; or (b) decide the order of priority for processing of Equalisation Levy Statements based on administrative requirements. (4) The assessee or e-commerce operator may make an application to the Assessing Officer for amending any intimation issued under section 168 of the Act, within one year from the end of the financial year in which the intimation sought to be amended was issued. (5) Wherever an Equalisation Levy Statement cannot be processed in the Centre for any reasons, the Commissioner shall arrange to transmit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y. 8. Service of notice or communication.- For the purposes of this Scheme, - (a) every intimation, notice or any other communication under this Scheme from the Centre to the assessee or ecommerce operator or its authorised representative shall be made by,- (i) delivering or transmitting its copy thereof, electronically to the person sent by the Centre's e-mail; (ii) placing its copy in the registered electronic account of the person on the designated portal ; or (iii) any of the modes mentioned in sub-section (1) of section 282 of the Income-tax Act,1961. (b) The intimation, orders and notices shall be computer generated and need not carry physical signature of the person signing it. 9. Power to specify procedure and processes. - ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
