City
Epaper

Zomato slapped with Rs 11.81 crore GST demand, penalty order

By IANS | Updated: April 20, 2024 13:20 IST

New Delhi, April 20 Online food delivery platform Zomato has received a goods and services tax (GST) demand ...

Open in App

New Delhi, April 20 Online food delivery platform Zomato has received a goods and services tax (GST) demand and penalty order worth Rs 11.81 crore.

The order consists of Rs 5.9 crore in GST demand and a penalty of Rs 5.9 crore for July 2017-March 2021 period.

"The company has received an order for the period July 2017 to March 2021 passed by Additional Commissioner, Central Goods and Services Tax, Gurugram raising demand of GST of Rs 5,90,94,889 with applicable interest (not quantified) and penalty of Rs 5,90,94,889," Zomato said in a stock exchange regulatory filing.

Earlier this month, the food delivery platform had said it received notices from the tax authorities in Delhi and Karnataka over alleged short payment of GST in 2018 amounting to Rs 4.2 crore.

The company had said it would appeal against the tax demand notices.

Zomato registered Rs 125 crore in profit in the third quarter (Q3) of the last financial year (FY24) -- an improvement by Rs 390 crore as compared to the same quarter last year.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Other SportsIPL 2026: Samson's game awareness is excellent; when he gets going, he makes it count, says Kumble

Other Sports'Once-in-a-lifetime opportunity for selectors': IPL chief Dhumal feels Sooravanshi has potential to become India’s youngest-ever debutant

EntertainmentKishen Das: Each version of myself had to lose out on something very important for me to just be here today!

National57-day Amarnath Yatra to begin on July 3; registration to open from April 15

BusinessEurope missed AI bus, but India has potential to catch up: Former WEF Director

Business Realted Stories

BusinessStock market outlook: US-Iran talks, Q4 earnings and oil prices in focus for next week

Business8th Pay Commission: What employees and pensioners can expect

BusinessIndianOil conducts over 10,600 inspections, takes strict action against erring persons

BusinessAfter hitting rock bottom, Indian stock market is on its way to a speedy recovery, says Vallum Capital

BusinessIndian stock market in positive territory, overall sentiment remains balanced