1. You Are At:
  2. English News
  3. Business
  4. Income Tax Dept conducts surveys at Flipkart, Swiggy offices in connection with bogus Input Tax Credit

Income Tax Dept conducts surveys at Flipkart, Swiggy offices in connection with bogus Input Tax Credit

The Income Tax Department on Thursday conducted surveys at the head offices of Instakart - a group company of Flipkart - and Swiggy in Bengaluru. The surveys were underway in connection with bogus Input Tax Credit (ITC), news agency ANI quoted sources as saying.

India TV Business Desk India TV Business Desk
New Delhi Updated on: January 07, 2021 20:05 IST
flipkart income tax department surveys, instakart, flipkart swiggy income tax department, input tax
Image Source : FILE PHOTO

Income Tax Dept conducts surveys at Flipkart, Swiggy offices in connection with bogus Input Tax Credit

The Income Tax Department on Thursday conducted surveys at the head offices of Instakart - a group company of Flipkart - and Swiggy in Bengaluru. The surveys were underway in connection with bogus Input Tax Credit (ITC), news agency ANI quoted sources as saying. 
 
Meanwhile, Flipkart said it was providing all required information and extending full cooperation. 
 
"The officials from the Income Tax Department have contacted us. We are providing them with all the required information and are extending our full co-operation. We believe we are in full compliance with all applicable tax and legal requirements," a spokesperson of the e-commerce platform said.
 
Swiggy, online food ordering and delivery platform, also said it was in full compliance with the tax and legal mandates. "As a law-abiding company, we are in full compliance with the tax and legal mandates. The survey by the IT officials is currently underway and our team is extending full cooperation in the matter," the company said. 
 

Latest Business News

Write a comment