Tuesday , May 22, 2018 |   23:15:48 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Instant Updates Newsletters
 
NEWS FLASH
 
I-T - Major relief for Shah Rukh Khan; Levy of penalty came to be relaxed as income from house property held by him in Dubai was held being not notionally taxable in India: ITAT (See 'Breaking News') BEPS Action 5 - Review - Four regimes asked to remove harmful tax practices (See ‘Brief’) TP - Safe Harbour Rules merits consideration, for purposes of computation of operating margin: ITAT (See 'Breaking News') DTAA - Mere charging of royalty from Indian franchise outlets for purpose of safeguarding the brand value, will not render Indian outlet as PE of the foreign principal company: ITAT (See 'Breaking News') TP - Non comparability of products manufactured by two companies even at a broad level, renders them unfit for comparison for purposes of benchmarking: ITAT (See 'Breaking News') I-T - Withholding tax liability can be attached to the payer while making payments to non-residents, only if such payments are chargeable to tax in India: ITAT (See 'Breaking News') TP - Departmental Representative cannot question selection of comparables made by TPO: ITAT (See 'Breaking News') TP - Mistake crept in order which is apparent on record, merits rectification by appropriate authority/forum upon being noticed: ITAT (See 'Breaking News') I-T - Corporate guarentee extended by Indian entity to its overseas AEs without charging any fees, are outside the ambit of international transaction: ITAT (See 'Breaking News') TP - Balance of convenience and relative hardship in favour of assessee, also merits interim stay in his favour: ITAT (See 'Breaking News') I-T - Mistaken name of authority in an order, merits rectification by replacement of correct name: ITAT (See 'Breaking News') DTAA - Consideration received by UK entity from customers in India towards offshore supply of software, cannot be charged to tax in India under I-T Act r/w India UK DTAA: ITAT (See 'Breaking News') I-T - Receipts in relation to prospecting or extraction of mineral oil, are liable for presumptive taxation u/s 44BB: ITAT (See 'Breaking News') TP - When draft assessment order passed by AO stood withdrawn upon objections raised before DRP u/s 144C, then appeal preferred against such order becomes infructuous: ITAT (See 'Breaking News') TP - ALP adjustment becomes indispensible on account of capacity utilization, where depreciation and idle capacity was affecting margins of assessee more than the comparables: ITAT (See 'Breaking News') I-T - Department should not levy unusual interest on assessee u/s 201(1A) for default in TDS obligation on foreign payments, without directing explanation from assessee: HC (See 'Breaking News') TP - Transfer pricing adjustment on account of unutillized capacity, merits consideration before proceeding to determine ALP in international transaction comprising of lease rent: ITAT (See 'Breaking )
 
TII SEARCH
 
 
   
Home >> News Brief
 

Sales tax on Online Retailers - US Supreme Court to revisit 1992 ruling
By TII News Service
Jan 16, 2018 , Washington

    

 

THE Supreme Court of the USA is reported to have agreed to revisit its 26-yr-old decision relating to the levy of sales tax on online sales. It was the historic South Dakota case in 1992 when it had ruled out the imposition of tax on online retailers.

With several States raising the din over a revisit of the old order as e-commerce has ballooned into several trillion dollar business, the Apex Court has agreed to revisit its ruling. And the assessee involved in this case was a mail order company. And the ruling was that the tax was to be collected only where the company had its physical presence (principle of PE was applied).

Certain studies which are being reported are that if the States and local governments would have been allowed to tax e-commerce, they would have collected more USD 13 bn more in 2017 alone. Five States in the USA levy sales tax on online retailers and a reversal of the old ruling may impact large players like Amazon.

 

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAAs
  • TIEAs
  • Circulars (I-T Act, 1922)
  • Circulars
  • Instructions
  • DRP Panel
  • Administrative Orders
  • Notifications
  • I-T Act, 1961
  • Relevant Portion of I-T Rules,1962
  • Relevant Portion of I-T Act,1922
  • GAAR
  • Equalisation Levy
  • Draft Guidelines
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • DTC Bill
  • UN Model
  • Miscellaneous
  • Guidance Notes - AEOI
  • OECD Conventions
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • Circulars
  • Instructions
  • Notifications
  • Relevant Sections of Act
  • TP Rules
  • Forms
  • Miscellaneous
  • APA Annual Report
  • APA Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • RBI Circulars
  • FDI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • Black Money Act
  • PMLA Notification
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • SEBI
  • Multimodal Transportation
  • Vienna Convention
  • NBFC Reports
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • Intellectual Property
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • CBR Act, 1963
  • MCA Circular
  • Book Review
  • Limitation Act
  • SSAs
  • EPFO
  • FAQs
  • Acts
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifcations
  • Types of Visa
  • Agreements
  • Arbitration
  • Model Text
  • Relevant Portion of I-T Act
  • Circulars
  • I-T Rules, 1962
  • MISC
  • Notification
  • Subscribe
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2018 Taxindiainternational.com Pvt.Ltd. All rights reserved.