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FLIPKART TAX REFUND
For FDI, E-comm exports must be in separate cartIndia is considering allowing FDI in inventory-based e-commerce exclusively for exports. This move aims to boost outbound shipments without...- Tiger Global tax ruling paves way for I-T dept to revive 2019 assessment, spooks investorsTiger Global's Supreme Court setback allows the income tax department to revive its 2018-19 assessment and a Rs 968 crore refund claim. The...
- I-T dept to proceed with Tiger Global's capital gains tax assessment in 2018 Flipkart-Walmart dealFollowing the Supreme Court's ruling, India’s tax department will resume assessing capital gains from Tiger Global’s 2018 Flipkart exit. Th...
- Flipkart wins against Karnataka tax dept; HC orders refund of Rs 16.11 crore deposit with interestThe suit was the result of the commercial taxes department treating mobile phone chargers as an unscheduled commodity and taxing them at a ...
- Ecommerce sellers count on cash-flow gains from GST cutRecommendations by the GST council aim to benefit suppliers on online platforms and real money gaming firms through tax changes, including ...
- Delhi High Court asks taxman to process Flipkart India's ₹6.63 crore claim in three weeksA division bench of Justices Yashwant Varma and Dharmesh Sharma said "...we note that the respondents (VAT tax officer) clearly appear to h...
- Amazon, Flipkart may approach govt for clarification on Budget proposalNew proposed levy of 1% TDS on e-commerce transactions could increase burden on sellers.
- Digital companies including Amazon, Facebook seek clarity on ecommerce transactions taxCompanies want the government to come out with precise rules for this tax, which they are to deduct before payments to vendors, and how cer...
- Tamil Nadu electric vehicle policy draft may have sops for early adoptersTo encourage EV purchases, the draft policy also suggests waiving road tax – again with a 5-year validity period – for those who buy electr...
- Hope to cross Rs 11.5 lakh cr direct tax collection target for FY19:CBDT chiefController General of Accounts data shows, the direct tax collections grew a paltry 4.2 per cent on year to Rs 1.54 lakh crore in April-Jun...
- E commerce companies set to collect tax from sellersThe tax deducted at source (TDS) and tax collected at source (TCS) provisions under the goods and services tax (GST) have been notified to ...
- NAA's directive on audit of e-comm cos stuck over jurisdiction issueDG Audit can only audit those e-com companies which are registered with the Centre. Those who are registered with states, the state tax off...
- GST rate cuts: Amazon, Myntra on anti-profiteering watchlistTax authorities have kept a close watch on firms to ensure that rate cuts were being passed on to consumers.
- A third of ecommerce buyers get counterfeit productsAmong the leading ecommerce sites, consumers said they had received counterfeit products on Snapdeal at 12%, while 11% said Amazon and 6% c...
- Small e-comm vendors will have to pay GST upfrontUnder GST, all registered vendors on ecommerce sites are liable to 1% TCS. The objective is to capture all transactions in the ecommerce sp...
- Seller associations do not concur with ecommerce giants' reservations on GST provisionThe TCS clause mandates online marketplaces to deduct 2% per transaction and hand it over as collection towards GST to the government under...
- Taxi aggregators, ecommerce companies must register for GSTEcommerce players such as Flipkart and Amazon will also need to register under GST regime irrespective of value of supply made by them.
- 268-page GST FAQs out; e-tailers, aggregators to registerThe FAQ booklet said penalty could extend up to five years of jail with a fine if the tax evaded is more than Rs 2.5 crore.
- Karnataka ’s ecommerce tax will fall flat in court: ExpertsThe taxes department asked ecommerce firms including Amazon, Flipkart and Snapdeal to deduct 1% of the money payable to merchants towards t...
- Delhi High Court sees violation of FDI norms by e-commerce companiesDelhi High Court on Wednesday observed that there has been "a prima facie violation" of foreign investment regulations by ecommerce compani...
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