Judgement

Xiaomi has approached the Supreme Court of India, challenging a royalty tax order, warning that the ruling could adversely impact its manufacturing and business operations in India.

Xiaomi Moves Supreme Court Over Royalty Tax Dispute; Says Ruling Threatens India Manufacturing Plans

News

Over the last five years, several Chinese handset manufacturers, including Xiaomi, Realme, Oppo, Vivo, and Oneplus, have reportedly evaded considerable sums GST.

Big Tech Xiaomi, Oppo, Vivo and Lenovo under probe over alleged GST Evasion

The Enforcement Directorate's Adjudicating Authority has issued show-cause notices under FEMA to Xiaomi Technology India Private Limited, its executives, and three banks in connection with suspected unlawful transfers made by the Chinese business totaling Rs.5,551.27 crore.

ED issues Show Cause Notice to Xiaomi India Top Officials and 3 Banks for FEMA Violation

The Karnataka High Court upheld the seizure of Rs 5,551 crore from Xiaomi India for violating the Foreign Exchange Management Act (Fema) on Friday.

High Court backs Xiaomi's Seizure of Rs.5,551 Crore

Karnataka HC sets aside Rs.3700 crore Income Tax’s seizure order against Xiaomi

Articles

ED has seized Rs.5551.27 Crore of M/s Xiaomi Technology India Private Limited

One Stop Solution For CA CS CWA Direct Indirect Tax GST Business News

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts