India to Slap Retrospective Tax On Amazon For Cloud Services Fee Paid To The US

Quick Summary:

All eyes are now on Amazon as it remains to be seen if it challenges the matter before courts or does it lobby with the government to get the retrospective tax slashed.

Earlier last month, the Central Consumer Protection Authority (CCPA) issued notices to the ecommerce major for selling substandard toys.

The company will be liable to pay taxes for a period that could stretch to a couple of years prior to the date of order.

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Article Details

Author / Journalist: Chetan Thathoo

Category: StartupsBusiness

Markets: India

Topics: News B2B-B2C

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-04 @ 00:30:33 (1 months ago)

News Timezone: GMT +5:00

News Source URL: inc42.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 5136173

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