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Tag: avoidance

Will urge FM to probe alleged avoidance of GST by Amazon, Flipkart: CAIT

"Amazon and Flipkart have caused huge GST and income tax revenue loss to the government and CAIT will soon meet the finance minister and urge her to institute a investigation into avoidance of GST and income tax liability on both Amazon and Flipkart," CAIT said. CAIT also said the visit of Jeff Bezos on Wednesday …

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CAIT seeks probe into alleged avoidance of tax liability by Amazon, Flipkart, Retail News, ET Retail

​​​The Confederation of All India Traders (CAIT) wrote to the finance minister alleging that e-commerce companies, including Amazon and Flipkart, were selling various products on their platforms at a price much lower than fair market value. It also said that their act is in utter disregard of the provisions of FDI policy and causing tax …

CAIT seeks probe into alleged avoidance of tax liability by Amazon, Flipkart, Retail News, ET RetailRead More