Zomato Slapped with Rs11.81 Crore GST Demand, Penalty Order
Online food delivery platform Zomato has received a goods and services tax (GST) demand and penalty order worth Rs11.81 crore.
 
The order consists of Rs5.9 crore in GST demand and a penalty of Rs5.9 crore for July 2017-March 2021 period.
 
"The company has received an order for the period July 2017 to March 2021 passed by Additional Commissioner, Central Goods and Services Tax, Gurugram raising demand of GST of Rs5,90,94,889 with applicable interest (not quantified) and penalty of Rs5,90,94,889," Zomato said in a stock exchange regulatory filing.
 
Earlier this month, the food delivery platform had said it received notices from the tax authorities in Delhi and Karnataka over alleged short payment of GST in 2018 amounting to Rs4.2 crore.
 
The company had said it would appeal against the tax demand notices.
 
Zomato registered Rs125 crore in profit in the third quarter (Q3) of the last financial year (FY23-24)—an improvement by Rs390 crore as compared to the same quarter last year.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
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