DGGI issues show-cause notice to Amazon over ‘wrong’ ITC claim

4

New Delhi, Jan 12 | The Director General of GST Intelligence (DGGI) has issued a show cause notice to e-commerce major Amazon India over alleged wrong claim of input tax credit (ITC).

The GST intelligence arm has raise a demand of Rs 175 crore, sources said.

An investigation by DGGI has found calculation errors made by the e-commerce company.

According to people in the know, Amazon had paid higher goods and services tax (GST), for which it should have claimed refund, instead, it wrongly claimed ITC on the pretext of higher tax slab.

DGGI’s notice has demanded the interest due on wrongly claimed ITC.

Amazon, however, has not responded to an e-mail sent to the company on the same.

The development comes a day after the DGGI initiated a probe against cab aggregators Uber and Ola over evasion of GST and issued summons to the officials of the companies over GST evasion amounting to hundreds of crores.

Source: IANS

Sponsors Posts

1BHK Flats in Jabalpur for sale at budget price ?

1BHK Flats in Jabalpur for sale at budget price ?

Approximate 200+ 1BHK apartments or flats in Jabalpur available for sale at budget price

As per available data with BhaskarProperty.com approximate 200+ 1BHK Residential Flats for Sale in Jabalpur at a very low price. This is the right time for small property buyer to grab new property in Jabalpur with multiple benefits.

At this time Builder and Developer in Jabalpur also target to the maximum sale before the end of year. Also banks are giving low rate loan for housing. The 1BHK Flats for sale at multiple prime residential location in Jabalpur are available.

1BHK apartment’s starting price in Jabalpur is 12.0 Lac*

Some of the Real Estate Developer in Jabalpur are offering 1BHK Flat at Just 12.0 Lac (Starting Price) with multiple benefits like lift, parking, 24×7 water, CCTV and many more.

You can find more details about these from bhaskarproperty.com a Jabalpur Real Estate Website.

Most preferred residential location in Jabalpur

The most preferred residential locations in Jabalpur are Civil Lines, Vijay Nagar, Kachnar City, Napier Town, Wright Town, Lekha Nagar, Sadar, Sneh Nagar, Hathital and many more.

BhaskarProperty.com is the best property portal for Jabalpur Real Estate market

The Bhaskar Property (bhaskarproperty.com) have property’s photos, video, walkthrough, location map and property browser with information. Also they provide the direct contact details of property owner and agent to whom a property buyer can directly contact.

Don’t forget to visit bhaskarproperty.com now.

LEAVE A REPLY

Please enter your comment!
Please enter your name here