Updated Jan 14, 2021 | 17:08 IST
The alleged tax evasion by Flipkart group company Instakart amounts to Rs 650 crore while the rest of Rs 300 crore is attributed to Swiggy I-T dept alleges Rs 950 cr tax evasion by Flipkart firm, Swiggy | Photo Credit: IANS
Key Highlights
Third party vendors may also be involved in the tax concealment amounting to Rs 950 crore, alleged I-T dept
DGCI led surveys over alleged wrongful tax credit under GST led to discovery of other irregularities
Both Swiggy, Flipkart denied wrongdoing adding they fully cooperated with authorities during surveys
Bengaluru: The Income Tax (I-T) department has uncovered massive tax evasion by flood aggregator Swiggy and Instakart, a group company of Walmart-owned Flipkart.