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Zomato’s GST Troubles: Foodtech Major Gets Fresh INR 18 Cr GST Demand, Penalty Order

Inc42 · 10m ago

Zomato’s GST Troubles: Foodtech Major Gets Fresh INR 18 Cr GST Demand, Penalty Order

Zomato has been issued a tax demand notice of over INR 11.12 Cr for non-payment of GST on delivery charges, along with interest and penalty. However, the foodtech giant is confident in its defense and plans to present its case before the relevant appellate authority.

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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.

Zomato gets Rs 4.59 crore tax demand notices

Economic Times

Economic Times · 10m ago

Zomato gets Rs 4.59 crore tax demand notices

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.

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 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.

Delhivery In Hot Soup, Gets GST Demand Notice

Inc42 · 10m ago

Delhivery In Hot Soup, Gets GST Demand Notice

Delhivery, a logistics company, has received a goods and service tax (GST) demand notice of almost INR 5.5 lakh from the Assistant Commissioner of Commercial Taxes (Enforcement), Karnataka. The notice imposes a penalty of INR 2,74,465 under both the KGST Act, 2017, and the CGST Act, 2017.

Infibeam Avenues faces Rs 32 Cr GST demand; plans to appeal

YourStory

YourStory · 5m ago

Infibeam Avenues faces Rs 32 Cr GST demand; plans to appeal

Infibeam Avenues, an Indian fintech firm, faces a Rs 32.01 crore tax and penalty order from the Central GST Office, which it intends to contest. The order allegedly mistakes GST exemptions on certain card transactions. Infibeam argues the order ignores a GST Council clarification allowing exemptions for RBI-regulated payment aggregators. The company asserts the demand is unfounded and is exploring options, including rectification under the CGST Act, without expecting significant financial impact.

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.

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 receives tax demand of Rs 803 crore from GST authorities

Economic Times

Economic Times · 7m ago

Zomato receives tax demand of Rs 803 crore from GST authorities

Zomato has received a tax demand notice of INR 803.4 crore from GST authorities in Maharashtra. The demand includes a tax amount of INR 401.7 crore, along with a penalty and interest component of a similar amount. Zomato believes that they have a strong case and will be filing an appeal against the order. The company reported operating revenue of INR 4,799 crore and a net profit of INR 176 crore in the July-September quarter.

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.

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