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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.

Related News

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.

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.

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.

Fresh Trouble Brews For Zomato, Gets INR 92 Cr Tax Demand Notice

Inc42 · 1y ago

Fresh Trouble Brews For Zomato, Gets INR 92 Cr Tax Demand Notice

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.

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".

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.

Zomato gets service tax demand, penalty order of ₹184 crore, set to appeal

Livemint

Livemint · 1y ago

Zomato gets service tax demand, penalty order of ₹184 crore, set to appeal

Indian online food delivery platform Zomato has received a service tax demand and penalty order of over ₹184 crore ($25 million) for non-payment of service tax on certain overseas sales. The demand covers the period from October 2014 to June 2017, and Zomato plans to appeal the order. The company believes it has a strong case and expects no financial impact as a result of the dispute.

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 ₹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.

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