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Flipkart missed out on becoming a GST Suvidha Provider on account of low paid-up capital
Flipkart missed out on becoming a GST Suvidha Provider (GSP) as it fell short of the minimum paid-up capital requirement Rs 2 crore. Flipkart Internet, however, fell short of the Rs 2-crore mark with Rs 48 lakh in paid up capital, according to a source aware of the matter. The company had applied for a GSP license to keep more control over GST filings. There are some procedural matter to be clarified, we shall be reapplying for GSP shortly, a Flipkart spokesperson said.
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