Due Date of Furnishing Equalisation Levy Statement (Form-1) is 30th June 2022

The Due Date of Furnishing Equalisation levy Statement for the Financial year 2021-22 is on or before 30th June 2022.

This return has to be filed by the following persons:

1. Assessee who paid Equalisation levy (EL) of 6% on the specified services (Online advertisements services) taken from non-resident service provider.
2. E-commerce operator who paid EL of 2% of the amount of consideration received or receivable from the e-commerce supply or services made or provided or facilitated by him.

Penalty clause:

If the assessee or E-commerce operator failed to furnish the Equalisation levy statement within the above prescribed time, he has to pay a penalty of 100 Rs. Per day till the default continues.

Kindly take care of this compliance and let us know for any assistance in this regard.