Is Amazon and Flipkart offers to bluff with Indian Government regarding GST ?
- Traders from all over India accused e-commerce giant Amazon, Flipkart for tax cheating.
- Took the matter to CAIT(Confederation of All India Traders )
On September 29, Traders from all over India accused country’s big giant e-commerce companies such as Amazon and Flipkart for causing losses to the Indian government by imposing GST on the discounted price rather than the actual price of the product.
Traders further took the matter to body “Confederation of All India Traders (CAIT)” , the body had also written a letter to the finance minister Nirmala Sitharaman, explicitly highlighting misconduct by e-commerce giants Amazon and Flipkart. CAIT alleged that the festive season sale, which started from September 29 and will go on till October 4, has deprived the government of GST revenues.
CAIT claimed that during these deals, the companies indulge in deep discounting which is against the mandate of Press Note No.2 of Foreign Direct Investment (FDI) Policy, 2016 later amended in 2018.