E-commerce companies like Amazon, Myntra may face tax audit on GST rate cuts

E-commerce companies such as  Amazon and  Myntra are likely to face an audit by tax authorities to check if they have passed on cuts in goods and services tax ( GST ) rates to consumers. The National Anti-Profiteering Authority has directed the director general, audit, to conduct the examination. The GST Council had slashed tax rates on a host of household products such as chocolates, to…