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Zomato gets Rs 11.82 crore tax demand notice

Economic Times

Economic Times · 1y ago

Zomato gets Rs 11.82 crore tax demand notice

Food delivery platform Zomato has been issued a tax demand and penalty order of Rs 11.82 crore ($1.6 million) related to Goods and Services Tax (GST) on exports services provided to its subsidiaries outside of India. The company plans to appeal against the order, stating that it believes it has a strong case. The order, issued by the Additional Commissioner of Central Goods and Services Tax, Gurugram, asserts a GST demand of Rs 5.9 crore ($800,000) with applicable interest and a penalty of the same amount. Zomato has clarified its position and provided supporting documents in response to the authorities' allegations.

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Related News

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 service tax demand and penalty order of Rs 184 crore

Economic Times

Economic Times · 1y ago

Zomato gets service tax demand and penalty order of Rs 184 crore

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.

Zomato gets GST demand order of ₹23.26 crore for FY 2018-19

Livemint

Livemint · 1y ago

Zomato gets GST demand order of ₹23.26 crore for FY 2018-19

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.

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 gets GST penalty notice of ₹8.6 crore from Gujarat's tax department

Livemint

Livemint · 1y ago

Zomato gets GST penalty notice of ₹8.6 crore from Gujarat's tax department

Zomato, an online food delivery app, has received a penalty notice from the Gujarat Deputy Commissioner of State Tax for excessive input tax credit and short payment of GST for the financial year 2018-19. The demand totals ₹4.11 crore, with an additional ₹8.57 crore in interest and penalties. The company had also previously received a show cause notice for unpaid GST on delivery charges, amounting to ₹402 crore, as well as interest and penalties, for the period from October 2019 to March 2022.

ICICI Prudential gets GST demand notice of ₹429 crore from Maharashtra tax authority | Mint

Livemint

Livemint · 11m ago

ICICI Prudential gets GST demand notice of ₹429 crore from Maharashtra tax authority | Mint

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.

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 INR 2 Cr

Inc42 · 1y ago

Zomato Gets Tax Demand Order Of INR 2 Cr

Foodtech major Zomato has received a fresh goods and services tax (GST) penalty notice from Delhi's sales tax officer, amounting to INR 2,22,91,376 for fiscal 2018-19. This comes after the company received a GST notice of INR 11.8 crore ($1.6 million) earlier this month. Zomato has stated that it believes it has a strong case to defend the matter before the relevant appellate authority and expects no financial impact from this penalty. Despite these challenges, Zomato continues to post healthy profit and revenue growth.

Tata Steel gets show cause notice over input tax credit of Rs 1,000 cr availed during FY19-23

Economic Times

Economic Times · 1m ago

Tata Steel gets show cause notice over input tax credit of Rs 1,000 cr availed during FY19-23

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.

Zomato receives GST demand worth ₹23.26 crore from Karnataka govt

Inshorts · 1y ago

Zomato receives GST demand worth ₹23.26 crore from Karnataka govt

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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