Zomato Slapped With Rs.11.81 Crore GST Demand, Penalty Order
Delhi/Hyderabad, April 20 (Maxim News): Online food delivery platform Zomato has received a goods and services tax (GST) demand and penalty order worth Rs. 11.81 crore.
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“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 Rs. 5,90,94,889 with applicable interest (not quantified) and penalty of Rs. 5,90,94,889,” 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 Rs. 4.2 crore. The company had said it would appeal against the tax demand notices.
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Zomato registered Rs. 125 crore in profit in the third quarter (Q3) of the last financial year (FY24) – an improvement of Rs. 390 crore as compared to the same quarter last year. (Maxim News)
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