Amazon India’s largest seller Cloudtail slapped with INR 54 Cr tax demand
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Amazon’s proxy seller Cloudtail–a joint venture between the commerce firm and Infosys cofounder NRN Murthy’s Catamaran Ventures has received a tax notice demand to the tune of INR 54.5 Cr, The Guardian reported on June 14. Cloudtail paid just £830,000 (INR 8.53 Cr) paid in tax per annum compared with £798 Mn (INR 8.234.55 Cr) in average revenues it reported in the last four years