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Zomato gets Rs 4.59 crore tax demand notices
Economic Times
·
11m ago
Medial
Food delivery platform Zomato has received GST tax demand orders exceeding Rs 4.59 crore from Tamil Nadu and West Bengal authorities. The company plans to appeal against the demand. Tamil Nadu issued an order for GST of Rs 81,16,518, plus applicable interest and penalty, while West Bengal issued an order for GST of Rs 1,92,43,792, along with interest and penalty. Zomato stated that it has provided clarification along with relevant documents, and believes it has a strong case to defend the matter. The company does not anticipate any financial impact.
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Zomato’s GST Troubles: Foodtech Giant Receives Another Demand Notice
Inc42
·
11m ago
Medial
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.
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Zomato gets GST demand worth Rs 8.6 crore from Gujarat for availing excess input tax credit
IndianStartupNews
·
1y ago
Medial
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.
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Zomato gets Rs 11.82 crore tax demand notice
Economic Times
·
1y ago
Medial
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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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 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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Fresh Trouble Brews For Zomato, Gets INR 92 Cr Tax Demand Notice
Inc42
·
1y ago
Medial
Zomato has received an order to pay service tax of INR 92 crore for the period of October 2014 to June 2017, in addition to a penalty and applicable interest. This comes after the company recently received a GST notice of INR 23.26 crore for FY19. However, Zomato believes it has a strong case to defend the matter and does not expect any financial impact. The company has been facing various tax-related notices in recent months. Despite these challenges, Zomato reported a profitable quarter with a significant increase in profit after tax.
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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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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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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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Eternal gets Rs 1.34 Cr GST demand order for FY22, plans to appeal
YourStory
·
1d ago
Medial
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.
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