Flipkart, Swiggy face tax surveys
- For Flipkart, the survey is currently underway in offices of its group logistics and freight company InstaKart Services Pvt. Ltd., where two vendors seem to have evaded the input tax credit
- The move is part of the government's drive since mid-November against use of fake invoices by businesses
The Income Tax department has conducted surveys at the Bengaluru offices of e-commerce and foodtech firm Flipkart and Swiggy, in relation to a matter of evasion of input tax credit by their third-party vendors, according to three individuals aware about the matter.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more