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E-commerce major Flipkart India has moved the Kolkata High Court with a plea to grant the company GST exemption on delivery charges by treating its services as those provided by a goods transport agency (GTA). This petition has been filed…
The Enforcement Directorate (ED) is learnt to have offered the option of closing a FEMA violation case against e-commerce major Flipkart if the Walmart group firm admits its mistake and pays a penalty, sources aware of the development said.
Leading e-commerce players, Walmart-owned Flipkart and Amazon, will kick off their flagship festive season sales on September 23, just a day after the recently announced GST rate cuts come into effect
Ecommerce major Flipkart has come under a preliminary tax probe over allegations that the Walmart-owned online marketplace has tweaked its billing practices to reduce its goods and services (GST) tax liability, according to a report published by Mint.
The Supreme Court (SC) on Friday issued a stay order on the Delhi High Court judgment in favour of Tiger Global International III Holdings, a Mauritius-based investment entity, in a case involving the sale of its stake in Flipkart Singapore to Walmart in 2018 for over Rs 14,500 crore, thus generating capital gains in India.
The Enforcement Directorate (ED) on Thursday conducted searches under the Foreign Exchange Management Act (FEMA) at 19 premises of main vendors of e-commerce giants Amazon and Flipkart across multiple cities, including Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula (Haryana).
Scores of Flipkart sellers are in a muddle over a new mandate asking them to verify their goods and service tax identification number (GSTIN) through an OTP (one time password) verification process.