Tax authorities unearth under-reporting of online sale of goods

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The indirect tax administration has detected under-reporting of online sales by several companies when their reported online sales were matched with tax collected at source (TCS) on these transactions furnished by e-commerce platforms like Amazon and Flipkart, the Financial Express reported on Tuesday.

The finding implies that the actual under-reporting of sales and the GST (goods and services tax) liability of many companies selling their wares through e-commerce portals may actually be higher considering these players also have off-line sales. An email sent by Mint to the Central Board of Indirect Taxes and Customs (CBIC), the central government’s indirect tax administration, remained unanswered at the time of publishing.

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