Friday, 24 March, 2023

Amazon India's largest vendor Cloudtail faces Rs 56 cr tax demand

<p>British newspaper The Guardian reported that Cloudtail India, one of the largest merchants on e-commerce platform Amazon India, has received a tax demand of over Rs 56 cr. It is not uncommon in India that E-tailers and online merchants getting tax demands from the authorities. Cloudtail is a JV between Infosys&#39; co-founder NR Narayana Murthy&#39;s Catamaran Ventures and Amazon India. In FY 20, Cloudtail revenue jumped 28% to Rs 11,413 cr and net profit rose 130% to Rs 68 cr.<br /> <br /> <br /> &nbsp;</p>