Will Urge Finance Minister Sitharaman To Probe Alleged Avoidance Of GST By Amazon, Flipkart: Traders’ Body
The Confederation of All India Traders on Tuesday said it will urge Finance Minister Nirmala Sitharaman for an investigation into alleged avoidance of Goods and Services Tax 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 a investigation into avoidance of GST and income tax liability on both Amazon and Flipkart," the traders body said in a statement.
CAIT also said the visit of Jeff Bezos, founder of Amazon, on Wednesday to India will be greeted with strong protest from traders across country.
The Competition Commission of India 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.