Zomato Receives New Rs 803 Crore Tax Notice

On Thursday, food delivery giant Zomato announced that it has received a GST demand notice of Rs 401.7 crore for failing to pay tax on delivery charges between October 29, 2019, and March 31, 2022.

Including the penalty and interest, the total tax demand amounts to Rs 803.4 crore.

This is the fourth such notice to the firm in recent months. The company said the order has been issued by the joint commissioner, CGST & central excise, Thane commissionerate, Maharashtra.

Also Read: कुवैत से आंध्र प्रदेश पहुंचा व्यक्ति, बेटी के यौन शोषणकर्ता को मारने का गुनाह किया कबूल

Zomato Faces Multiple GST Notices

“We believe we have a strong case on merits which is backed by opinions from our external legal and tax advisers,” the company said, adding it would file an appeal against the order before the appropriate authority.

Earlier in September, the company had received a similar GST notice of Rs 17.7 crore in West Bengal for non-payment of the tax on delivery charges. Before that, it had received a notice of Rs 9.45 crore in Bengaluru in July.

In April, it received a GST notice of Rs 11.82 crore in Gurugram on export services provided to its subsidiaries located outside India from July 2017 to March 2021.

The shares of the Gurugram-headquartered company closed 2.36% down on the BSE on Thursday at Rs 284.90 apiece.

Also Read: एलन मस्क ने रचा इतिहास, 400 अरब डॉलर की संपत्ति के साथ अरबपतियों की रेस में सबसे आगे