Myntra in Hot Water: Hit with $200M GST Shockwave.
India slams Myntra with a massive $200M tax notice over disputed GST claims, just weeks after Flipkart’s $250M hit. The heat is rising for Walmart’s India play as regulators tighten their grip on e-commerce giants.

#Myntra #GSTCrackdown #WalmartIndia #Flipkart #TaxTrouble #EcommerceNews #IndiaRegulations #FDI #DigitalCompliance #RetailShakeup #TECHi

Read Full Article Here :- https://www.techi.com/india-fines-walmart-myntra-200m-in-e-tax-crackdown/

What has come as a surprise for industry watchers is that while #Walmart India sees an uncertain future for itself in India, another foreign company in the same space, Metro Cash & Carry, has been performing quite well.
#WalmartIndia #layoff
https://thefederal.com/business/walmart-layoffs-a-course-correction-in-big-retailers-race-india/
Walmart layoffs a course correction in big retailers' race? - The Federal

What has come as a surprise for industry watchers is that Walmart India sees an uncertain future for itself in India, despite buying Flipkart recently.