Can I buy phones from Flipkart and give my frnd who owns a shop and can be sell it???

[Sanjayseeker456]

S

Sanjayseeker456
PARTICIPANT
March 14, 2025 at 3:57 pm

There are 2 qtns:

1.Can I buy phones from Flipkart and give my frnd who owns a shop and can be sell it???( Iam using a normal flipkart accnt and buying through credit cards)

2. He will transfer amounts in cash deposit and will I be taxed if it crossed 10 lakhs altogether or will I be questioned if one transaction is worth 10 lakhs

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[Cleverfalcon3655]

C

Cleverfalcon3655
PARTICIPANT
March 14, 2025 at 4:04 pm

shop owner are doing this a lot in sale periods

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[User_901dc3a8]

U

User_901dc3a8
PARTICIPANT
March 14, 2025 at 4:07 pm

I’m doing this from 2016, Once I got an email from the Income tax department about my transactions, I ignored;
I’m still sailing!

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[Sanjayseeker456]

S

Sanjayseeker456
OP
March 14, 2025 at 4:30 pm

Are you reselling it to shops or your selling it yourself and what did they mention in that mail???

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[User_725adf20]

U

User_725adf20
PARTICIPANT
March 14, 2025 at 5:10 pm

I think more than income tax, u should worry about GST if friend try to calm GST input gst officers may came after ur friends and u

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[Sanjayseeker456]

S

Sanjayseeker456
OP
March 14, 2025 at 5:14 pm

But I have the bill and if he doesn’t take bill from me then how will he claim gst and what if he doesn’t could you explain both scenarios and give me a solution

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[User_725adf20]

U

User_725adf20
PARTICIPANT
March 14, 2025 at 6:04 pm

Profit margin will be less for him with out tax credit, more or less u will be the end use u paid the tax , but should keep a eye on ur order block orders from personal accounts will rise eye on ur E commercia accounts gst office regularly check this things

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[User_725adf20]

U

User_725adf20
PARTICIPANT
March 14, 2025 at 6:04 pm

Profit margin will be less for him with out tax credit, more or less u will be the end use u paid the tax , but should keep a eye on ur order block orders from personal accounts will rise eye on ur E commercia accounts gst office regularly check this things

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[User_901dc3a8]

U

User_901dc3a8
PARTICIPANT
March 14, 2025 at 6:06 pm

Yes I resell to other shops;
They just mentioned miscellaneous transactions with my savings account highlighting a certain amount.

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[User_901dc3a8]

U

User_901dc3a8
PARTICIPANT
March 14, 2025 at 6:06 pm

Yes I resell to other shops;
They just mentioned miscellaneous transactions with my savings account highlighting a certain amount.

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[Brightguy6133]

B

Brightguy6133
PARTICIPANT
March 14, 2025 at 4:11 pm

In such cases shop owners would not be able to resell it and provide with tax invoices because they would break GST claim chain. This means, the shop owner here would be treated as end user. Any sell post that is illegal.

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[Sanjayseeker456]

S

Sanjayseeker456
OP
March 14, 2025 at 5:08 pm

Also what abt the cash deposit scenario does it matter each transaction or all transactions combined to 10 lakhs?

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[Vanifox76]

V

Vanifox76
PARTICIPANT
March 14, 2025 at 5:36 pm

Legally this is not allowed, but practically people are doing this

But you will get legal complications from both Flipkart and bank as well.

Rest you should decide after a good research

In my opinion risk outweigh the profits.

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