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I-T dept conducts a survey at Flipkart company Instakart, Swiggy offices

The income-tax (I-T) department is conducting surveys at Instakart, a group company of e-commerce giant Flipkart, and food delivery firm Swiggy in Bengaluru. The surveys are related to an alleged bogus input tax credit connected to the external vendors of these firms, according to the sources. A team of I-T department officials reached the office of Instakart, located on the Flipkart campus in Bengaluru, on Wednesday. “They are investigating Merlin and Surya Services, which are the third-party vendors for Instakart,” said a person familiar with the matter. “Due to these vendors, Instakart got entangled into this situation.” According to sources, the Directorate General of GST Intelligence (DGGI) is running a countrywide campaign against GST (goods and services tax) evaders to reduce the abuse of the framework. Based on the insights found by DGGI related to GST invasion, the case was sent to the I-T department to check income tax evasion.

It departmentIncome tax departmentInstakart servicesSurya servicesDirectorate generalEndorsing indiaஅது துறைவருமானம் வரி துறைஇன்ஸ்தாகர்த் சேவைகள்சூர்யா சேவைகள்இயக்குநரகம் ஜநரல்

Walmart to source $10 bn of India-made goods by 2027

11 Pic: Walmart Endorsing India s continuing rise as a global hub of manufacturing, Walmart has announced that it will triple its exports of goods from India to $10 billion each year by 2027. The expansion in sourcing will include helping develop hundreds of new suppliers in several categories, along with apparel, homeware and other key Indian export categories. Walmart’s new export commitment is expected to provide a significant boost to micro-, small- and medium-sized enterprises (MSMEs) in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programmes. “As an international retailer that brings value to customers and communities worldwide, Walmart understands that local entrepreneurs and manufacturers are vital to the success of the global retail sector. And we see huge potential for Indian suppliers to grow their businesses by leveraging the unique scale and global distribution opportunity Walmart provides,” Doug

United statesUnited kingdomDoug mcmillonWalmart vriddhiDipali goenkaFlipkart samarthGlobal green companyWelspun india ltdFlipkart groupWalmart incEndorsing indiaAniket metalsCentral americaGlobal sourcingNews deskஒன்றுபட்டது மாநிலங்களில்

Walmart to export $10 billion of India-made goods per year by 2027

Walmart to export $10 billion of India-made goods per year by 2027
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United statesUnited kingdomNew delhiDoug mcmillonWalmart vriddhiFlipkart samarthWalmart incEndorsing indiaChief executive officerCentral americaஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹிவால்மார்ட் விரித்திபிளிப்கார்ட் சமர்த்வால்மார்ட் இன்க்

Walmart commits to sourcing $10 bn of India-Made goods each year by 2027

Walmart commits to sourcing $10 bn of India-Made goods each year by 2027
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Walmart vriddhiFlipkart samarthEndorsing indiaVisa credit cardStandard digitalBusiness standardSeamless sign upBusiness standard digitalDebit cardsNet bankingPayment walletsவால்மார்ட் விரித்திபிளிப்கார்ட் சமர்த்விசா கடன் அட்டைதரநிலை டிஜிட்டல்வணிக தரநிலை

Walmart to export $10 billion of India-made goods per year

Walmart to export $10 billion of India-made goods per year
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United statesUnited kingdomNew delhiDoug mcmillonWalmart vriddhiFlipkart samarthWalmart inc weEndorsing indiaChief executive officerWalmart incCentral americaஒன்றுபட்டது மாநிலங்களில்ஒன்றுபட்டது கிஂக்டம்புதியது டெல்ஹிவால்மார்ட் விரித்திபிளிப்கார்ட் சமர்த்