Kerala has Slapped a fine of Rs 54 Crore on e-commerce companies.

Published on: 27 Jan, 2015
Published under: Kerala Business News

In a stand of between state authorites and e-commerce companies Kerala’s commercial taxes department has slapped a fine on Flipkart, Jabong, Vector E-commerce Pvt Ltd (which holds a stake in Myntra) and Robemall Apparels Pvt Ltd (which operates zovi.com). The fine, Rs 54 crore overall, has been levied for evasion of sales tax in 2012-13 and 2013-14.

At Rs 47.15 crore, the fine on FlipKart is the highest, followed by Rs 3.89 crore on Jabong, Rs 2.23 crore on Vector E-commerce and Rs 36 lakh for Robemall Apparels.

Reportedly, Kerala‘stax authorities nare also reviewing other e-commerce companies for similar discrepancies, and might fine more defaulters. In line with the issues raised by state authorities, the tax officials in Kerala have now said though Online+Retailers don’t have physical showrooms in the state, they are selling products to locals and, therefore, have to pay regional taxes, according to agency reports.

Src:- http://www.business-standard.com/article/economy-policy/now-kerala-tightens-tax-noose-around-e-tailers-115012400754_1.html

 

Found Useful? Do Share: Kerala has Slapped a fine of Rs 54 Crore on e-commerce companies.:

Leave a Reply

Share Kerala News Online

Kerala Direct News

Check out the latest 2015 news from Kerala State of India. Just Kerala is the dedicated online portal to provide latest and genuine Kerala information. Kerala Live and breaking news, Top Headlines, Top stories, Politics, Movies, Sports news.

Last Updated Kerala News : 27 January, 2023