Now, Kerala tightens tax noose around e-tailers
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In yet another stand-off between e-commerce companies and state authorities, Kerala’s commercial taxes department has slapped a fine on Flipkart, Jabong, Vector E-commerce Pvt Ltd (which holds a stake in Myntra) and Robemall Apparels Pvt Ltd (which operates zovi.com). The fine, Rs 54 crore (USD8.7 million) overall, has been levied for evasion of sales tax in 2012-13 and 2013-14.
Questions & Answers
Q.Which e-commerce companies have been fined by Kerala's commercial taxes department?
Which e-commerce companies have been fined by Kerala's commercial taxes department?
Flipkart, Jabong, Vector E-commerce Pvt Ltd (which holds a stake in Myntra), and Robemall Apparels Pvt Ltd (which operates zovi.com) have all been fined. This is another stand-off between e-commerce firms and state authorities.
Q.What is the total amount of the fine levied by the Kerala authorities?
What is the total amount of the fine levied by the Kerala authorities?
The total fine levied is Rs 54 crore, which is equivalent to USD 8.7 million. This substantial penalty has been imposed by the state's commercial taxes department.
Q.For which financial years were the e-commerce companies fined for tax evasion?
For which financial years were the e-commerce companies fined for tax evasion?
The e-commerce companies were fined for sales tax evasion that occurred during the 2012-13 and 2013-14 financial years. This action highlights ongoing scrutiny of online retailers.
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