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News Misc. - Indirect Tax

  • Sep 17, 2014
  • Relief for Amazon: Karnataka in damage control mode, asks its taxmen to go easy on dealers

    Karnataka has asked its tax authorities to go easy on their clampdown on dealers selling products on Amazon India's online marketplace until an amicable solution is reached on various sticking points. The American retailing giant and the Commercial Taxes department have been at loggerheads on who should issue value-added tax invoice to the buyer. "There have been certain issues flagged to us, and we are trying to sort them out. Until then, we have asked the Commercial Taxes department to review the matter on cancelling the 'branch certificates' issued to dealers," ISN Prasad, principal secretary of the finance department, told ET.

    Source - http://economictimes.indiatimes.com