The Department for Promotion of Industry and Internal Trade (DPIIT) has reportedly sought a list of the top five sellers from Amazon and Flipkart, reported by Inc42.
The development comes merely two weeks after the traders’ body CAIT (Confederation of All India Traders) and the DPIIT (Department for Promotion of Industry and Internal Trade) held meeting with the representatives of e-commerce unicorn startup Amazon, Flipkart.
For details: Amazon, Flipkart meets senior officials of DPIIT over complaint by Traders’ Body
According to the DPIIT, the list should includes details of the business done by the top five sellers, investments and e-commerce platforms’ commission agreements with the vendors.
The details should include business done by the top five sellers, investments and ecommerce platforms’ commission agreements with vendors.
Following the details, the department has also sent two questionnaires to the e-commerce companies to understand their financial structure, business model and the inventory management system.
The e-commerce giants were also asked by their compliance with the GST regime, as per the sources.