Delhivery arm Ecom Express gets Rs 1.3 crore over input tax credit

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Logistics provider Ecom Express has received a tax demand under the provisions of Goods and Services Tax (GST) of Rs 1.31 crore, said owner rel=”dofollow” href=”https://economictimes.indiatimes.com/delhivery-ltd/stocks/companyid-2041701.cms” target=”_blank”>Delhivery in an exchange filing on Wednesday.

Delhivery completed the acquisition of Ecom Express through an all-cash deal earlier this year.

The tax demand has been raised under “Section 74 of the CGST/Bihar GST Act, 2017, read with Section 20 of the IGST Act, 2017, for the period from financial year 2018-19 to the financial year 2022-23”, Delhivery said in the exchange filing.

The tax demand has been raised “on…



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Delhivery arm Ecom Express gets Rs 1.3 crore over input tax credit



Logistics provider Ecom Express has received a tax demand under the provisions of Goods and Services Tax (GST) of Rs 1.31 crore, said owner rel=”dofollow” href=”https://economictimes.indiatimes.com/delhivery-ltd/stocks/companyid-2041701.cms” target=”_blank”>Delhivery in an exchange filing on Wednesday.

Delhivery completed the acquisition of Ecom Express through an all-cash deal earlier this year.

The tax demand has been raised under “Section 74 of the CGST/Bihar GST Act, 2017, read with Section 20 of the IGST Act, 2017, for the period from financial year 2018-19 to the financial year 2022-23”, Delhivery said in the exchange filing.

The tax demand has been raised “on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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