Quick Summary
GST Intelligence Targets Zomato and Swiggy with Demand Notices Worth Rs 750 Crore, Citing Tax Liability on Food Delivery Services In a significant development, the Directorate General of GST Intelligence (DGGI) has taken action against leading food aggregators Zomato and Swiggy, issuing Goods and Services Tax (GST) demand notices, according to a report on Wednesday. The notices sent to Zomato and Swiggy amount to Rs 400 crore and Rs 350 crore, respectively, as the tax authorities assert that
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FAQ :
The total amount of GST demand notices issued to Zomato and Swiggy is Rs 750 crore.
Zomato has been issued a GST demand notice amounting to Rs 400 crore.
Swiggy has been issued a GST demand notice amounting to Rs 350 crore.
The Directorate General of GST Intelligence (DGGI) issued the GST demand notices.
The tax authorities assert that food delivery is a service and therefore subject to GST on the revenue generated by these platforms.
Following the news, Zomato's shares experienced a dip, closing 1.07% lower.
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