Xiaomi, Oppo, Vivo and Lenovo under probe over alleged GST evasion - News Summed Up

Xiaomi, Oppo, Vivo and Lenovo under probe over alleged GST evasion


The company is also being investigated for GST evasion from 2017 to July 2023 to the tune of Rs 168.63 crore, with Rs 82.04 crore recovered by the government so far, the minister said. The government has also detected GST evasion to the tune of Rs 683.04 crore by Oppo, and has recovered Rs 738.04 crore. In terms of GST, the minister said the company has evaded Rs 48.25 crore, with part of the evasion still being processed. PC brand Lenovo, which also operates the Motorola brand in India, has also been charged with GST evasion to the tune of Rs 42.36 crore, although no recoveries were recorded yet. With respect to the specific statement in parliament today, we have not received any show cause notice for GST evasion.


Source: Economic Times July 22, 2023 12:43 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */