The tax department is claiming that there could be circular trading or other frauds in many of these cases as tax credits are not tallying, but legal experts say blanket rejection of tax credit will lead to litigations and increase cash flow issues of companies.
Read more about Covid: Restaurants wait anxiously for Delhi government to lift curbs on Business Standard. Home-style cooked meals and in-house delivery ecosystem might have saved the day for some restaurants in Delhi, but with dine-ins contributing "70-80 per cent" of the total revenue, owners wait anxiously for the city government to lift curbs after
“Based on the home state PPoB (principal PoB), sellers can register an ecommerce operators warehouse as an APoB and conduct business,” the body said in a letter to minister of state for finance Anurag Thakur. Industry experts said online sales are now enabling survival opportunities instead of being an additional revenue stream.