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Aims to verify whether e-commerce businesses have pbaded benefits to consumers
The objective is to verify whether the excess amount collected before the rate reduction was refunded to purchasers [19659003] Tariff Reductions “/>
The National Authority Against Profit ordered the Director General, Audit, to conduct an audit on e-commerce companies such as Amazon and Myntra. The tax authorities are trying to verify whether they pbaded on the cuts in the Goods and Services Tax (GST) rate to consumers.
Since Deployment of the GST in April 2017 the GST Council has reduced a range of household products such as chocolates, toothpastes, shampoos, detergents and shaving creams from 28% in November at 18% in November 2004.
More products were transferred to a lower slab or totally exempted at the last Board meeting. the 26th took place six days ago.
According to reports, tax experts say it is important for e-commerce businesses to look at the additional tax refund aspect to consumers. check whether the excess collected before the rate reduction has been refunded to buyers or not. Therefore, it becomes essential for e-commerce platforms to review this aspect and repay the amount (if necessary) as soon as possible, "said Anita Rastogi, indirect tax partner at PwC [19659002EarlierinJulyofthisyearreportsalsorevealedthate-commercecompaniessuchasAmazonIndiaandFlipkartcouldeventuallybeaskedtoembarkthe1965965payrolltaxes e (TDS) and ] at the source (TCS). the GST car because they will have to prepare withholding tax provisions in two months under the GST
