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Zomato gets Rs 803.4 cr tax demand from authorities, plans to file appeal

Business Standard LogoBusiness Standard5h ago

Zomato gets Rs 803.4 cr tax demand from authorities, plans to file appeal - Business Standard

Quick Summary:

Company has received an order on 12 December 2024 ...for the period 29 October 2019 to 31 March 2022 passed by Joint Commissioner of CGST & Central Excise, Thane Commissionerate, Maharashtra, confirming demand of GST of Rs 401,70,14,706 with interest as applicable and penalty of Rs 401,70,14,706," Zomato stated.

The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.

Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty.


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Article Details

Category: BusinessFinance

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-12-12 @ 23:26:56 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 25 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 24382865

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