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Foodtech major Swiggy faces potential goods and services tax (GST) liabilities to the tune of INR 326.7 Cr, as per its recently filed updated draft red herring prospectus (DRHP).
The office of Directorate General of GST Intelligence (DGGI) (Pune zonal unit), in December 2023, issued a demand notice to the foodtech giant for allegedly not paying tax levy on the delivery fee collected from customers. The case pertains to the period between July 2020 and March 2022.