IT Department Puts A Penalty of INR 23.51 Crores On Flipkart [Many Bogus Vendors Listed]

IT Department has reportedly imposed a penalty of INR 23.51 Crores on eCommerce giant Flipkart for not depositing their taxes which they collect from the end users. Many of the companies listed as partners with Flipkart have also been found to be bogus!

SHAKEDOWN!
SHAKEDOWN!

The raid conducted by Noida and Ghaziabad’s tax department had seized the firm’s books and had found the irregularities. The report also mentions that Flipkart had earlier paid a fine of INR 29 Lakhs.[Source]
Flipkart was earlier in trouble with for FEMA violations and was under the Enforcement Directorate’s radar after the Big Billion Day stunt that they tried to pull off.

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