Price of convenience: Zomato slapped with Rs 803 Cr tax demand by GST authorities

Quick Summary:

Zomato's penalty is for non-payment of goods and services taxes (GST) on delivery fees for a 28 month period right around the company's IPO.

Its house of brands strategy is all set to add another option with its 10-minute food delivery app Bistro, powered by Blinkit, which is under a pilot programme in select pincodes of Delhi-NCR.

"We believe that we have a strong case on merits which is backed by opinions from our external legal and tax advisors.

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Article Details

Author / Journalist: Akshita Toshniwal

Category: StartupsEconomyBusiness

Markets: India

Topics: Privacy Penalty Quick Zomato Period Order Delivery Crore Policy Food Services

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 17:07:28 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24382289

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 35 posts per day

Year Established: 2008

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News Last Updated: 11 hours ago

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