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You need to realize that none of these companies have licences of (Want to rent my property to Amazon or Flipkart or Myntraor MakeMyTrip or Ola cabs? ), approvals, NOCs etc. They are operating illegally and all of you are aware of the fact. But still if anybody has ever contacted you for selling/renting your property to E-commerce company, here is an explanation why this cannot happen without the approval of excise & commercial tax department.
Let us assume for a moment that Amazon does come on rent. Who will bear the Excise Duty Charge ? Since Amazon has not paid tax in India, how can it claim credit under ITC (which is available only after paying excise duty). If Amazon pays service tax on rental income then that makes it taxable on
the Assessee whether he pays or not.
Let us assume that Flipkart comes on rent. Who will bear the Excise Duty Charge ? Since Flipkart has not paid tax in India, how can it claim credit under ITC (which is available only after paying excise duty). If they pay service tax on rental income then that makes it taxable on the Assessee whether he pays or not.
Similarly, if you plan to sell your property and someone contacts you for buying with help from Ola cabs & Myntra etc., this cannot happen unless Ola/Myntra etc have licences from RBI and also approvals from the excise department to accept such receipts under ITC. In case of MakeMy
KMS Warehousing Space, specialises in sourcing and leasing warehouse space to all companies looking for warehousing space in the state of Karnataka and neighbourhood. Whether the company requirement is for READY TO MOVE IN SPACE OR BUILT TO SUIT WAREHOUSE.
We are at “kms warehousing space” specialises in sourcing the right sort of warehouse space for you.
KMS Warehousing Space, specialises in sourcing and leasing warehouse space to all companies looking for warehousing space in the state of Karnataka and neighbourhood. Whether the company requirement is for READY TO MOVE IN SPACE OR BUILT TO SUIT WAREHOUSE.
We are at “kms warehousing space” specialises in sourcing the right sort of warehouse space for you.
Contact Us: +91 9738485827
Email: info@kmsspace.com
WhatsApp: https://wa.me/919738485827
