Atlanta Indian Community - AtlantaIndian.com
| | | | | | | | | | | |
 


 

Zomato receives fresh Rs 9.45 crore GST demand notice

Author : IANS

Science/Tech Read Latest News and Articles

Share With Your Friends



Add an Article

View All Contributions

Add To My Favorite

Add A Picture

New Delhi, June 30 (IANS) Online food delivery platform Zomato has received a fresh Goods and Service Tax (GST) demand notice for about Rs 9.45 crore with interest and penalty.

The company said in a stock regulatory filing that the demand has been raised by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka.

"This is to inform that the company has received an order for FY 2019-20 pursuant to the audit of GST returns and accounts by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka raising demand of GST of Rs 5,01,95,462, along with interest of Rs 3,93,58,743 and penalty of Rs 50,19,546," Zomato said in its BSE filing.

“We believe that we have a strong case on merits and the company will be filing an appeal against the order before the appropriate authority,” said the company in response to the tax notice.

Zomato shares closed 0.10 per cent higher at Rs 200.35 on Friday.

This is not the first time the food delivery company has received a tax notice.

Last month, the online food delivery platform received a GST demand and penalty order of more than Rs 2 crore from Delhi's sales tax officer.

The order consists of Rs 2,22,91,376 in GST demand with interest of Rs 2,08,98,164 and a penalty of Rs 22,29,136 for the April 2018 to March 2019 period. In April, the company also received a GST demand and penalty order for Rs 11.81 crore.

Earlier this month, Zomato 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.

--IANS

na/vd


Copyright and Disclaimer: All news and images appearing in our news section, search engines and social media are provided by IANS. If you face any issues related to the content/images, please contact our news service provider directly. We are not liable/responsible for any content/images related to the news service provider.


Latest News

View More News


More News Articles

Neha Sharma, Shruti Seth, Chandan Roy Sanyal, Amruta Khanvilkar & Sushant Divgikar promote '36 Days' in Andheri

One-off Test: Shafali, Smriti and Sneh propel India to 10-wicket victory against South Africa

Nia Sharma: TRPs have gone down majorly and it's not a good sign for television

Telugu star Sudheer Babu to headline upcoming pan-India supernatural thriller

Kareena Kapoor-starrer 'The Buckingham Murders' to debut in cinemas on Sept 13