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Deepinder Goyal's Zomato gets Rs 23 crore tax notice from Karnataka tax authorities
IndianStartupNews
·
1y ago
Medial
Food delivery platform Zomato has received a tax notice amounting to INR 23.26 crore ($3.11 million) for the financial year 2018-19 from Karnataka tax authorities. The notice alleges that Zomato overutilised input tax credit and demands a GST payment of INR 11.27 crore, plus interest and penalties. This follows a recent INR 8.6 crore GST penalty notice from Gujarat authorities and a show cause notice from the Directorate General of GST Intelligence. Zomato plans to challenge the order and remains confident in its position. Despite these tax challenges, Zomato reported its second consecutive profitable quarter for Q2 2023-24.
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Related News
Zomato gets GST demand order of ₹23.26 crore for FY 2018-19
Livemint
·
1y ago
Medial
Food delivery platform Zomato has received a demand order from tax authorities in Karnataka for a Goods and Services Tax (GST) amount of INR 23.26 crore ($3.2 million) for the financial year 2018-19. The demand order relates to the excess availment of input tax credit, interest, and penalties. Zomato intends to appeal the order and believes it has a strong case. This follows a similar tax notice received by Zomato from Gujarat tax authorities earlier this month.
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Zomato gets ₹9.45 crore GST notice, plans to appeal against tax order | Mint
Livemint
·
1y ago
Medial
Food delivery provider Zomato has received a Goods and Services Tax (GST) demand notice of INR 9.45 crore from tax authorities in Karnataka, India. The notice includes a GST amount of INR 5.01 crore, along with interest charges and penalties. Zomato plans to appeal the order as it believes it has a strong case. This is not the first time the company has faced a tax notice, as it received a similar demand for payment in 2021.
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Zomato gets service tax demand and penalty order of Rs 184 crore
Economic Times
·
1y ago
Medial
Food-delivery platform Zomato has received a service tax demand and penalty order totaling over Rs 184 crore for non-payment of service tax between October 2014 and June 2017. The tax was based on sales made by Zomato's foreign subsidiaries and branches to customers outside India. The company plans to file an appeal against the order, stating that it believes it has a strong case. Zomato has been shutting down its international operations, with minimal impact on its overall operations. The platform was previously issued a tax demand notice of Rs 23 crore by the Karnataka commercial taxes authority.
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Zomato receives GST demand worth ₹23.26 crore from Karnataka govt
Inshorts
·
1y ago
Medial
Zomato has received a demand notice worth ₹23.26 crore from GST authorities of Karnataka government. The demand, which includes penalty worth ₹1.12 crore and interest worth ₹10.86 crore on GST of ₹11.27 crore, has been raised for excess availment of input tax credit. Zomato said it had clarified with relevant documents, "which appear to not have been appreciated by authorities".
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Tata Steel gets show cause notice over input tax credit of Rs 1,000 cr availed during FY19-23
Economic Times
·
1m ago
Medial
Tata Steel received a show cause notice from tax authorities for allegedly irregularly availing input tax credit worth Rs 1,000 crore between FY19 and FY23. The notice demands explanation for GST recovery of Rs 1007 crore. Tata Steel has already paid over Rs 514 crore in GST. The company believes the notice lacks merit and plans to address the issue through proper channels, asserting no financial impact from the notice.
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Zomato receives Rs 402 crore show cause notice over unpaid GST on delivery charges
Economic Times
·
1y ago
Medial
Zomato, the online food ordering platform, has received a Rs 402 crore show cause notice from GST authorities for unpaid tax on delivery charges. The notice was issued by the Directorate General of GST Intelligence (DGGI) and demands the alleged tax liability be paid for the period from October 2019 to March 2022. Zomato argues that it is not liable to pay tax on the delivery charges as they are collected on behalf of the delivery partners. The company will be filing a response to the notice.
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GST notice of ₹400 crore sent to Zomato, ₹350 crore to Swiggy
Livemint
·
1y ago
Medial
Zomato and Swiggy, two major food delivery aggregators in India, have reportedly received GST notices from tax authorities totaling ₹750 crore ($100 million). Zomato was issued a notice of ₹400 crore ($53 million), while Swiggy received a notice of ₹350 crore ($47 million). The Directorate General of GST Intelligence sent the notices, considering delivery as a taxable service. The tax liability spans from July 2017 to March 2023. Zomato recently reported a net profit of ₹36 crore ($4.8 million) for the quarter ended September 2023. Swiggy claims to have turned profitable in the previous quarter.
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Zomato gets tax demand order of Rs 23 crore
Economic Times
·
1y ago
Medial
Zomato has been hit with a tax demand of Rs 23.26 crore from the Assistant Commissioner of Commercial Taxes (Audit), Karnataka. The online food delivery platform plans to challenge the order and has stated that it believes it has a strong case. The demand relates to the Goods and Services Tax (GST) and includes additional interest and penalty charges. Zomato will appeal the decision before the appropriate authority.
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Swiggy receives Rs 7.6-crore notice from Pune profession tax department
Economic Times
·
4m ago
Medial
Swiggy, a food and grocery delivery firm, has been issued a Rs 7.6 crore notice by the Pune profession tax department for unpaid dues. This contributes to a total of nearly Rs 167 crore from various tax authorities across India in the past month. The notice pertains to violations in deducting profession tax in Maharashtra for fiscal 2022. Swiggy plans to appeal the notice, asserting strong arguments against the order, while also facing unpaid GST claims of over Rs 327 crore.
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ICICI Prudential gets GST demand notice of ₹429 crore from Maharashtra tax authority | Mint
Livemint
·
11m ago
Medial
ICICI Prudential Life Insurance has received a tax demand notice amounting to ₹429.05 crore from the Deputy Commissioner of State Tax in Maharashtra. The notice includes a Goods and Services Tax (GST) demand of ₹208.02 crore, along with interest and penalties. The company plans to challenge the notice with the Commissioner (Appeals) within the specified time frame. This development comes as GST authorities have issued around 20,000 notices to several corporate entities across India, amounting to ₹80,000 crore. The tax demand in ICICI Pru Life's case is due to alleged infractions related to input tax credit and discrepancies in GST returns.
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