Tax problem for Flipkart, Amazon, Snapdeal! GST body orders audit of e-commerce companies over refunds

and was consequently minimized when the delivery of item was made to the consumer. In its judgment in the Flipkart case, the authority stated it is” conscious of the truth that there may be numerous such cases in which the e-platforms had actually gathered excess GST from the purchasers and have not refunded the very same after the tax was reduced on numerous items on November 15, 2017″. Following this, the anti-profiteering authority has actually”directed the Director General of Audit, CBIC, to audit the major e-platforms and send findings to the authority”. The authority, nevertheless, dismissed the application alleging profiteering by Flipkart filed by a private after the e-commerce guaranteed that it has initiated the procedure of refund of excess task paid at the time of booking.The GST Council, chaired by Union Financing Minister, had lowered tax rates on over 200 day-to-day

usage items like chocolates, waffles, furniture, wrist watch, flatware items, suitcase and ceramic tiles, with impact from November 15, last year. The anti-profiteering authority was set up in 2015 to make sure that consumers get the advantage of tax rate decrease post the roll out of Item and Solutions Tax(GST )from July 1, 2017. Believe Equity. Think Motilal Oswal.