Zomato Faces Fresh GST Demand Notice Of Rs 9.45 Crore
Zomato, the online food delivery platform, got a new Goods and Service Tax (GST) demand notice totaling approximately Rs 9.45 crore, including interest and penalties. The notice, issued by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, pertains to the fiscal year 2019-20.
In its regulatory filing with the stock exchange, Zomato stated, “The order follows an audit of GST returns and accounts, resulting in a demand of Rs 5,01,95,462 in GST, along with Rs 3,93,58,743 in interest and Rs 50,19,546 in penalties.”
Also Read: eSankhyiki Data Portal Launched On The Occasion Of Statistics Day
The company expressed confidence in its position, stating, “We believe we have strong grounds and intend to appeal this order before the appropriate authority.”
Zomato shares closed marginally higher at Rs 200.35 following the announcement.
This incident marks the latest in a series of tax notices faced by the food delivery giant. Just last month, it received a GST demand and penalty order exceeding Rs 2 crore from a Delhi sales tax officer, and in April, another notice amounting to Rs 11.81 crore.
Earlier this year, Zomato disclosed similar notices from tax authorities in Delhi and Karnataka regarding alleged GST underpayment in 2018, totaling Rs 4.2 crore.
Gautam Adani, Chairman of the Adani Group, visited Puri in Odisha during the annual Rath…
Acharya Pramod Krishnam, stirred political debate by claiming an 'internal emergency' still exists within the…
Taking a crucial step toward positive transformation, social reform, and global peace, the Muslim Rashtriya…
India has been chosen to host the prestigious 2029 World Police and Fire Games in…
Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…
PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…