Zomato faces Rs 9.45 crore GST demand from Karnataka tax authorities

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Zomato faces Rs 9.Zomato faces Rs 9.

Shares of Zomato traded at Rs 203.60 up 1.65 per cent at 1.30 pm on Monday on the BSE.

The tax authorities’ demand relates to the alleged ‘excess availment of input tax credit’, along with the corresponding interest and penalties.

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Category: BusinessFinance

Markets: India

Topics: Tax dispute Financial year 2023-24 FY24 Karnataka Net loss FY23 Show cause notice Goods and Services Tax Zomato legal position Financial year 2019-20 Tax authorities GST demand Input tax credit Zomato financial results Appeal Zomato Rs 9.45 crore Deepinder Goyal BSE Stock exchange Market stakeholders Consolidated net profit Zomato shares Assistant Commissioner of Commercial Taxes Deepinder Goyal statement

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 14:25:39 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 412 words

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Copyright Owner: © Business Standard

News ID: 21439243

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