DelhiGovernment Directs E-Commerce Firms to Submit Transaction Details
Delhi Government today made it mandatory for all e-commerce companies to file their transaction details on the website of the Department of Trade And Taxes while paying tax, after cases of tax evasion by some firms were spotted.
The move is aimed at regulating all dealers and sellers engaged in selling of goods through online portals. The Trade and Tax Department has made it mandatory for them to deposit their due tax, along with their transaction details.
"In the financial year 2014-15, it came to our notice that some e-commerce companies selling goods through online portals were not depositing their due tax that they owe to the department. They used to collect tax from the consumers but did not deposit the money with government," a senior official said.
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