Will urge FM to probe alleged avoidance of GST by Amazon, Flipkart: CAIT
PTI, Jan 15, 2020, 3:38 PM IST
New Delhi: Traders body CAIT on Tuesday said it will urge Finance Minister Nirmala Sitharaman for an investigation into alleged avoidance of GST and income tax liability by both Amazon and Flipkart.
“Amazon and Flipkart have caused huge GST and income tax revenue loss to the government and CAIT will soon meet the finance minister and urged her to institute an investigation into avoidance of GST and income tax liability on both Amazon and Flipkart,” CAIT said in a statement.
The Confederation of All India Traders (CAIT) also said the visit of Jeff Bezos, founder of Amazon, on Wednesday to India will be greeted with strong protest from traders across the country.
Fairtrade regulator CCI has ordered a probe against Flipkart and Amazon for alleged malpractices, including deep discounting and tie-ups with preferred sellers.
CAIT Secretary General Praveen Khandelwal said that with this order, both these firms cannot avoid investigations.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Nifty, Sensex rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
IndiGo, Air India plan to purchase up to 170 wide-body planes in little over a year
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
Four-day market rally makes investors richer by Rs 8.48 lakh crore
Kotak Bank barred from onboarding customers online, issuing fresh credit cards
MUST WATCH
Latest Additions
SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
Robust Voter Turnout in Kerala: 19.06% Cast Ballots in Initial 3 Hours
Delhi records low of 21.6 deg C, max temperature likely to touch 40 deg C
Bihar: Polling Begins for Five Lok Sabha Seats; Moderate Voter Turnout
Nifty, Sensex rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%