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Eternal Hit With INR 1.34 Cr GST Demand for FY22, Set to Challenge Order

StartupTalky

StartupTalky · 1d ago

Eternal Hit With INR 1.34 Cr GST Demand for FY22, Set to Challenge Order

Eternal, a company owning Zomato and Blinkit, faces a INR 1.34 crore GST demand for FY22, due to excess input tax credits and underpaid output taxes. Issued by Lucknow's Deputy Commissioner of State Tax, this order involves a tax demand and penalty. Eternal plans to appeal, citing a strong case. Concurrently, financial issues mar the company, with a notable profit drop despite increased revenue, and ongoing industry concerns over Zomato's new long-distance delivery fees.

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Eternal gets Rs 1.34 Cr GST demand order for FY22, plans to appeal

YourStory

YourStory · 1d ago

Eternal gets Rs 1.34 Cr GST demand order for FY22, plans to appeal

Eternal, a consumer tech platform, received a Rs 1.34 crore GST demand from the Uttar Pradesh State Tax Authority for the FY 2021–22. The demand includes taxes and penalties due to alleged short payment and excess input tax credit. Eternal plans to appeal the order, asserting a strong case on its merits. This situation is reminiscent of a past issue faced by Zomato, highlighting the ongoing complexities in the taxation of tech companies.

Zomato gets tax demand order of Rs 23 crore

Economic Times

Economic Times · 1y ago

Zomato gets tax demand order of Rs 23 crore

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.

Zomato gets tax demand order of ₹23.26 crore

Thehindubusinessline

Thehindubusinessline · 1y ago

Zomato gets tax demand order of ₹23.26 crore

Zomato has been sent a tax demand of INR 23.26 crore ($3.1 million) by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka, including interest and penalty. The online food delivery platform plans to challenge the order. The tax liability is related to the financial year 2018-19 and includes a demand of INR 11.27 crore ($1.5 million) in GST, along with interest and penalties. Zomato stated that it believes it has a strong case and will file an appeal with the appropriate authority.

Zomato’s GST Troubles: Foodtech Giant Receives Another Demand Notice

Inc42 · 11m ago

Zomato’s GST Troubles: Foodtech Giant Receives Another Demand Notice

Zomato has been hit with a GST tax demand of INR 1.89 lakh, along with interest and penalty, by the Sales Tax Officer in Delhi. The food delivery platform has stated that it will pay the applicable dues and the cost of litigation. This comes after Zomato received GST tax demand and penalty orders totaling INR 4.59 crore from authorities in Tamil Nadu and West Bengal earlier this week.

Infibeam Avenues faces Rs 32 Cr GST demand; plans to appeal

YourStory

YourStory · 6m ago

Infibeam Avenues faces Rs 32 Cr GST demand; plans to appeal

Infibeam Avenues, an Indian fintech firm, faces a Rs 32.01 crore tax and penalty order from the Central GST Office, which it intends to contest. The order allegedly mistakes GST exemptions on certain card transactions. Infibeam argues the order ignores a GST Council clarification allowing exemptions for RBI-regulated payment aggregators. The company asserts the demand is unfounded and is exploring options, including rectification under the CGST Act, without expecting significant financial impact.

IPO-Bound Pine Labs Faces Tax Demands & Auditor Concerns

Inc42 · 1m ago

IPO-Bound Pine Labs Faces Tax Demands & Auditor Concerns

Pine Labs, a fintech company preparing for an IPO, faces significant tax and legal issues in India, with GST-related claims exceeding INR 300 crore. In February 2025, Bangalore's Joint Commissioner upheld a tax demand of INR 214.1 crore raised by GST Intelligence, Mumbai. Additionally, Pine Labs’ audit reports for FY22, FY23, and FY24 reveal concerns over internal financial controls, audit trail compliance, and delays in statutory payments, as outlined in its draft red herring prospectus (DRHP).

Zomato gets ₹9.45 crore GST notice, plans to appeal against tax order | Mint

Livemint

Livemint · 1y ago

Zomato gets ₹9.45 crore GST notice, plans to appeal against tax order | Mint

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.

Zomato gets GST demand worth Rs 8.6 crore from Gujarat for availing excess input tax credit

IndianStartupNews

IndianStartupNews · 1y ago

Zomato gets GST demand worth Rs 8.6 crore from Gujarat for availing excess input tax credit

Food delivery giant Zomato has received a substantial Goods and Services Tax (GST) demand from the Deputy Commissioner of State Tax, Gujarat. The demand order, totaling INR 8.57 crore, is a result of discrepancies found during an audit of Zomato's GST returns and accounts for the fiscal year 2018-19, including excess input tax credit and short payment of GST. Zomato will contest the order before appellate authorities and expects no financial impact from the dispute. This is not the first time Zomato has faced GST-related notices, highlighting the regulatory challenges it faces in its operations.

Deepinder Goyal's Zomato gets Rs 23 crore tax notice from Karnataka tax authorities

IndianStartupNews

IndianStartupNews · 1y ago

Deepinder Goyal's Zomato gets Rs 23 crore tax notice from Karnataka tax authorities

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.

Zomato receives tax demand of Rs 803 crore from GST authorities

Economic Times

Economic Times · 7m ago

Zomato receives tax demand of Rs 803 crore from GST authorities

Zomato has received a tax demand notice of INR 803.4 crore from GST authorities in Maharashtra. The demand includes a tax amount of INR 401.7 crore, along with a penalty and interest component of a similar amount. Zomato believes that they have a strong case and will be filing an appeal against the order. The company reported operating revenue of INR 4,799 crore and a net profit of INR 176 crore in the July-September quarter.

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