Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: cpt :: VAT RATES :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: list of goods taxed at 4% :: due date for vat payment :: TDS :: form 3cd :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4%
 
 
VAT (Value Added Tax) »
 Understanding VAT refunds
  Note ban got Maharashtra govt an extra ?125cr from fuel VAT
 Note ban got Maharashtra govt an extra ?125cr from fuel VAT
 Higher tax mop up reflects no slowdown post demonetisation, says Arun Jaitley
 Traders transition from VAT to GST
 FM Arun Jaitley defends note ban with jump in tax numbers
 States record jump in VAT collections after note ban
 Migration from Value Added Tax to GST begins
 VAT is coming: a historic change and leap into the unknown
 Online sales clampdown nets VAT registrations
 Telangana House passes Bill to reduce VAT on cell phones

Karnataka, Amazon agree to discuss VAT issue
May, 29th 2015

Chief minister Siddaramaiah on Thursday directed the finance and commercial taxes departments to have a second round of talks with e-commerce firms over the tax evasion controversy. Speaking to the media after a meeting with the department officials, which was also attended by representatives of e-commerce major Amazon India, Siddaramaiah said: "Our department has noted that there is tax evasion. While the department is seeking VAT, the companies are not ready to pay. However, dealers pay the taxes. As a result, I have asked both the finance and commercial taxes department to have a second round of meetings with the company representatives and arrive at a consensus."

Asked whether the government intends to amend the rules and relax the norms for e-commerce business in the state, Siddaramaiah said it was under consideration and will be decided only after the second round of talks. "I have asked them to find a solution to this problem. Ultimately, our aim is that there should be no evasion of taxes and revenue should come to the government," he said.

Asked whether Amazon has planning to relocate to Andhra Pradesh, Siddaramaiah said the company had not broached the subject with him. At the launch of a fulfillment centre (FC) in Telangana in April, Amazon had said the policy parameters in Karnataka were not in sync with the e-commerce industry's demands. Amazon has been demanding exemption on VAT payment saying its FCs only stocked, packed and dispatched products and was not doing business directly.

It wants the government to collect VAT from sellers. The state's stand is that there is no provision in the state's VAT rules for retailers to take shared space at Amazon's FCs.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions