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News on Medial
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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Zomato gets GST penalty notice of ₹8.6 crore from Gujarat's tax department
Livemint
·
1y ago
Medial
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.
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Why GST authorities sent show cause notice of Rs 401.7 crore to Zomato
IndianStartupNews
·
1y ago
Medial
Foodtech giant Zomato has received a show cause notice demanding an explanation for an alleged tax liability of Rs 401.70 crore. The Directorate General of GST Intelligence claims that delivery charges collected from customers are subject to GST. However, Zomato argues that it is not liable for this tax, as the delivery charges are collected on behalf of the delivery partners and not as revenue for the company. Zomato plans to file a comprehensive response to the notice, expressing confidence in the merit of its case. The issue of GST on delivery fees is also faced by Zomato's rival, Swiggy.
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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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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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Zomato shatters records with New Year's Eve delivery milestone
Livemint
·
1y ago
Medial
Zomato, the food delivery giant, achieved a remarkable feat on New Year's Eve by delivering almost the same number of orders as it did on the combined total of the last six New Year's Eves. This highlights Zomato's growing popularity and reliance for festive celebrations. However, Zomato has also received a show-cause notice for not paying Goods and Services Tax (GST) on the delivery charges collected from customers. The company stated that they will be filing a response to the notice.
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Not liable to pay any tax: Zomato on ₹402 crore tax notice
CNBC
·
1y ago
Medial
Zomato has received a show cause notice over an alleged tax liability of ₹401.70 crore. It's based on the amounts collected as delivery charges from the customers on behalf of the delivery partners. "The company strongly believes it's not liable to pay any tax since delivery charge is collected by the company on behalf of the delivery partners," Zomato said.
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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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Another Leadership Exit at Zomato, Hyperpure's Hemal Jain Resigns Amid GST Demand
OutlookIndia
·
7m ago
Medial
Hemal Jain, global head of finance at Hyperpure, a Zomato vertical, resigned amid a Rs 803 crore GST demand notice issued to Zomato. This follows other recent senior management departures, including cofounder Akriti Chopra and independent director Gunjan Tilak Raj Soni. Jain, who joined Zomato in 2018 and was involved in its 2021 IPO, will leave on January 31, 2025. Zomato plans to appeal the GST order related to non-payment on delivery charges.
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Zomato To Pay INR 9.85 Cr To West Bengal GST Authorities
Inc42
·
10m ago
Medial
Zomato has received a GST notice from tax authorities in West Bengal for the period April 2020 to March 2021. The notice includes demands for GST payment, penalties, and non-payment of GST on delivery charges. Despite believing that they have a strong case on merits, Zomato has stated that they will pay the required amounts to the GST authorities. This is the second GST notice that Zomato has received in West Bengal.
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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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