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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’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 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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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 shares open flat after tax authorities slap notice to food delivery firms
Inc42
·
1y ago
Medial
Zomato shares opened flat after the news that food delivery platforms Zomato and Swiggy have been served tax notices over non-payment. The notices amount to a cumulative goods and services tax (GST) worth around INR 1,000 Cr. The tax authorities consider the delivery charges collected by these platforms as their revenue. Both Zomato and Swiggy have been asked to pay INR 500 Cr each, which is the 18% tax levied on the total amount collected as delivery fees. This development could potentially disrupt the cash flow of these food delivery giants.
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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 ₹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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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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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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Dream11 challenges ₹40,000 Cr GST evasion notice in Bombay High Court: Report
Livemint
·
1y ago
Medial
Dream11, the leading fantasy gaming platform in India, has filed a writ petition in the Bombay High Court to contest the show cause notice it received from tax authorities accusing the company of evading goods and services tax (GST). The notice alleges that Dream11 failed to pay 28% GST on the nominal value of bets, with the total tax allegations amounting to a staggering INR 40,000 Crores, making it the largest-ever claim in the history of indirect taxation in India. Dream11's parent company, Dream Sports, is challenging these allegations in court.
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Zomato Gets Tax Demand Order Of INR 2 Cr
Inc42
·
1y ago
Medial
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.
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