LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Anti-profiteering authority orders GST audit of e-commerce firms, but this is what happened

The CBIC, the official further said, will soon be sending its response to the letter written by NAA.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Anti-profiteering authority orders GST audit of e-commerce firms, but this is what happened
e-commerce companies to see if they have refunded to the customers any excess GST collection, Image source: PTI
Written By: PTI
Updated: Mon, Aug 13, 2018
11:57 am
New Delhi, PTI
RELATED NEWS
GST Council may give 1-year extension to anti-profiteering authority GST Council may give 1-year extension to anti-profiteering authority
Harish Bakers found guilty of not passing GST cut benefits Harish Bakers found guilty of not passing GST cut benefits
GST Profiteering: Investigation notices issued in 9 cases GST Profiteering: Investigation notices issued in 9 cases

The GST audit of e-commerce companies ordered by the National Anti-profiteering Authority is stuck over the issue of jurisdiction, as the CBIC is of the view that the NAA has no powers to give such directions, an official said.

The NAA, earlier this month, wrote to the Central Board of Indirect Taxes and Customs (CBIC) saying that DG Audit should scrutinise the accounts of all e-commerce companies to see if they have refunded to the customers any excess GST collection.

The CBIC, the official said, is also of the opinion that it is not technically feasible for DG Audit to scrutinise books of all e-commerce companies because some of them might be registered with the state governments.

“The NAA has said that all e-commerce companies should be audited. But it is not feasible since DG Audit can only audit those companies which are registered with the Centre. Those who are registered with states, the state tax officials would have jurisdiction over them,” an official said.

The CBIC, the official further said, will soon be sending its response to the letter written by NAA.

Elaborating further, the official said that tax authorities of Centre and states can undertake cross enforcement actions, but jurisdiction would come into play in case of assessment and regular scrutiny of assessees.

In May, the NAA had directed the Directorate General of Audit to scrutinise the books of e-commerce platforms.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
National Anti-Profiteering Authority
RELATED NEWS
GST Council may give 1-year extension to anti-profiteering authority GST Council may give 1-year extension to anti-profiteering authority
Harish Bakers found guilty of not passing GST cut benefits Harish Bakers found guilty of not passing GST cut benefits
GST Profiteering: Investigation notices issued in 9 cases GST Profiteering: Investigation notices issued in 9 cases

LATEST NEWS

LPG cylinder price today: Cooking gas gets costlier by Rs 25, second hike in four days—check new prices

Tech analysis on Big Bull Rakesh Jhunjhunwala stocks: Tata Motors, Titan, Lupin and Escorts

Covid 19 vaccination drive 2nd phase: PM Modi takes first dose of Covid 19 vaccine at Delhi AIIMS

Anil Singhvi’s Strategy March 1: Day support zone on Nifty is 14,465-14,525 & Bank Nifty is 34,650-34,800

Centre finalises One District One Focus Product to promote in cluster approach

Gland Pharma share price: Sharekhan initiates Buy recommendation - price target of Rs 3040

Stocks in Focus on March 1: IOC, Tata Motors, KEC International, RailTel Corporation to Bharti Airtel; here are the 5 Newsmakers of the Day

Mann Ki Baat Latest Episode: What all PM Narendra Modi said in his popular radio programme today - Know here

7th Pay Commission: These central government jobs offering salary up to Rs 1,77,500 | Check details

Big insurance offers! 80-100 per cent discounts - All you need to know about renewal of health policies

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved