Soon Shutdown Xiaomi & Vivo & Oppo & Lenovo & Motorola In India | The India Govt GST evasion |
Автор: Anand Master Ji
Загружено: 2023-07-22
Просмотров: 866
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Government initiates probe against Xiaomi, Oppo, Vivo, Lenovo In response to an unstarred question in the Rajya Sabha, minister of state for electronics and IT, Rajeev Chandrasekhar, outlined the amount of GST and customs allegedly evaded by the top Chinese smartphone brands from 2017 to July 2023. The response detailed the amounts recovered and the action taken. Telegram Facebook Copy Link ET Bureau Updated On Jul 21, 2023 at 09:26 PM IST New Delhi: India has asked top Chinese smartphone brands such as Xiaomi, Oppo, Vivo and PC maker Lenovo to pay unpaid tax dues and is pursuing recoveries with owners of the brands concerned, having initiated probes into alleged instances of GST and import levy evasion over multiple years. In response to an unstarred question in the Rajya Sabha, minister of state for electronics and IT, Rajeev Chandrasekhar, outlined the amount of GST and customs allegedly evaded by the top Chinese smartphone brands from 2017 to July 2023. The response detailed the amounts recovered and the action taken. Xiaomi India has been issued multiple show-cause notices for customs duty evasion in FY20, FY21, and FY22, adding to a cumulative amount of Rs 682.51 crore, of which the government has recovered Rs 10.76 crore, the written response to the upper house of parliament showed. The company also paid Rs 31.77 lakhs in interest and penalty of Rs 13.3 lakhs in FY20 for evading customs duty. Advt 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. He added that Oppo had evaded customs duty to the tune of Rs 4403.27 in FY20 and FY21, with the government having recovered Rs 476.79 crore from the company along with issuing show cause notices. The government has also detected GST evasion to the tune of Rs 683.04 by Oppo, and has recovered Rs 738.04 crore. Vivo, another Chinese smartphone brand ranking in the top five in India, has been accused of evading Rs 2875 crore in customs duties in FY21 and FY23, with the government recovering Rs 117 crore from the company for the same. In terms of GST, the minister said the company has evaded Rs 48.25 crore, with part of the evasion still being processed. So far, the government has recovered Rs 51.25 crore from the company for the same. 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. "As responsible corporate citizens, we adhere strictly to all applicable laws, regulations, and reporting requirements in every jurisdiction in which we do business. With respect to the specific statement in parliament today, we have not received any show cause notice for GST evasion. We will continue to collaborate with the government to understand this demand and provide all clarifications as necessary in this regar," a Lenovo India spokesperson said in response to ET's queries.
#GSTEvasion
#Xiaomi
#Vivo
#Oppo
#Lenovo
#Motorola
#GovtOfIndia
#India
#GSTRule
#MobileGST
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