Interest on delayed payment of equalisation levy
Section 170 of the Finance Act, 2016 deals with interest on delayed payment of equalisation levy. Interest on delayed payment of equalisation levy. The Act was enacted on 27 Jun 2016.
Interest on delayed payment of equalisation levy.
170. Every [assessee or e-commerce operator], who fails to credit the equalisation levy or any part thereof as required under [section 166 or section 166A] to the account of the Central Government within the period specified in that section, shall pay simple interest at the rate of one per cent of such levy for every month or part of a month by which such crediting of the tax or any part thereof is delayed.
1. Substituted for "assessee" by the Finance Act, 2020, w.e.f. 1-4-2020.
2. Substituted for "section 166"by the Finance Act, 2020, w.e.f. 1-4-2020.
Section 170, The Finance Act, 2016.
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 170
What does Section 170 of the Finance Act deal with?
Section 170 of the Finance Act is headed "Interest on delayed payment of equalisation levy". Interest on delayed payment of equalisation levy.
How do I find court cases under Section 170 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2016 170, section 170 Finance Act 2016, section 170 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 170 of the Finance Act, and has it changed?
Its own text turns on section 166 (Collection and recovery of equalisation levy on specified services), section 166A (Collection and recovery of equalisation levy on e-commerce supply or services), so none of them can safely be read on its own. 2 other provisions in this corpus refer back to it.
When was Section 170 of the Finance Act enacted?
Section 170 of the Finance Act, cited as Finance Act 2016 170, was enacted on 27 Jun 2016. It is in force as at the date shown on this page.
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