Zomato Gets INR 402 Cr GST Demand Notice

SUMMARY

Zomato said that the joint commissioner of CGST and central excise of Thane Commissionerate issued the demand notice for non-payment of GST on delivery charges

Zomato said it will file an appeal against the notice to the appropriate authority as it believes it has a strong case on merits

Zomato received multiple GST demand notices from authorities in Karnataka, Haryana, and Gujarat earlier this year

Foodtech major Zomato has received yet another GST demand notice, this time for INR 401.70 Cr. 

In an exchange filing, the company said that the joint commissioner of CGST & central excise of Thane Commissionerate issued the demand notice for non- payment of GST on delivery charges, with interest and penalty on it. 

Zomato said it will file an appeal against the notice to the appropriate authority as it believes it has a strong case on merits. “We believe that we have a strong case on merits which is backed by opinions from our external legal and tax advisors,” the company said.

Zomato received multiple GST demand notices from authorities in Karnataka, Haryana, and Gujarat earlier this year. It last received a GST demand and penalty order of over INR 17.70 Cr from West Bengal GST authorities in September. 

(The story will be updated soon.)

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
UNLOCK 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
UNLOCK 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Zomato Gets INR 402 Cr GST Demand Notice-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Zomato Gets INR 402 Cr GST Demand Notice-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Zomato Gets INR 402 Cr GST Demand Notice-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Zomato Gets INR 402 Cr GST Demand Notice-Inc42 Media
Zomato Gets INR 402 Cr GST Demand Notice-Inc42 Media
You’re in Good company