Foreign company operating e-commerce platforms in India to have PAN
“An e-commerce operator will be a “non-resident who owns, operates or manages digital or electronic facility or platform for online sale of goods or online provision of services or both,” the CBDT said in the notification.
Foreign entities operating e-commerce platforms in India or having access to Indian market will be mandated to have permanent account numbers (PAN) for paying up equalization levy.
The change has been notified by the Central Board of Direct Taxes (CBDT) as it amended the equalisation levy rules of 2016 to include e-commerce operators as those required to pay the equalisation levy, and for various procedural, regulatory compliances related to filing of the levy’s returns besides issue of notice of demand and filing of appeals.
CBDT has also amended existing forms to create separate sections for reporting of the payments of levy by e-commerce operators. The changes also include the option of keying in Aadhaar in place of PAN while filing the details.
The changes have been made to align the annual statement and forms with the new e-commerce equalisation levy introduced earlier this fiscal year.
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