Fresh Trouble Brews For Zomato, Gets INR 92 Cr Tax Demand Notice

Fresh Trouble Brews For Zomato, Gets INR 92 Cr Tax Demand Notice

SUMMARY

The order has been passed for the payment of unpaid tax between the period of October 2014 to June 2017

The amount has been determined basis of certain sales made by the foreign subsidiaries and branches of the Company to its customers located outside India

Zomato believes that it has a strong case to defend the matter before the relevant appellate authority and does not expect any financial impact on the company

Trouble continues to mount for Zomato as the foodtech major has now received an order to pay service tax of INR 92 Cr, a day after it had received a GST notice of INR 23.26 Cr for FY19 from Karnataka tax authorities.

Zomato has received an order to pay service tax of INR 92,09,90,306, along with applicable interest (not quantified) and a penalty of INR 92,09,90,306, the company said in regulatory filings.

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