• Govt gets ₹10,000 cr tax from Flipkart-Walmart deal

    Govt gets ₹10,000 cr tax from Flipkart-Walmart deal

    Published Date : 08-Sep-2018 7:58:33 IST

    The government has reportedly received ₹10,000 crore in ‘withholding tax’ on the deal amount Walmart paid to shareholders of Flipkart. Walmart confirmed the payment of the tax to the government but did not disclose the tax amount. American retailer Walmart completed the acquisition of 77% stake in Flipkart for around $16 billion in the middle of August.

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