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.
For both companies, due to a third-party vendor default, these surveys are being conducted at the offices of these startups. The IT department is asking for financial statements and trying to understand the payments made to these vendors, said one person aware about the surveys.For Flipkart, the survey is currently underway in offices of its group logistics and freight company InstaKart Services Pvt. Ltd., where two vendors which provide man power services to the organisation seem to have evaded the input tax credit.
Courtesyg: Google (photo)
