CBDT asks for suggestive thresholds to establish Significant Economic Presence of foreign cos. in In

The CBDT has asked for the suggestions from the stakeholders and general public on the threshold limit which will establish the Significant Economic Presence (SEP) of foreign entities in India. The suggestions have been sought on three threshold limits – for transaction in physical goods, for transaction in digital goods, for soliciting no. of users through digital means. The concept of SEP has been introduced by the Finance Act, 2018 which is effective from Assessment Year 2019-20.

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