Quick Summary
Food delivery giant Zomato finds itself in the regulatory spotlight after revealing that it has been slapped with a GST demand and penalty order totaling Rs 11.81 crore. The period under scrutiny spans from July 2017 to March 2021, as disclosed in a regulatory filing made by the company after market hours on Friday. According to the filing, the demand order comprises a GST demand of Rs 5.9 crore, accompanied by an equivalent penalty amounting to the same figure. The order, issued by the Addit
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FAQ :
The total amount of the GST demand and penalty order against Zomato is Rs 11.81 crore.
The order covers the period from July 2017 to March 2021.
The demand and penalty are related to export services rendered by Zomato to its subsidiaries located outside India during the specified period.
The GST demand is Rs 5.9 crore, and the penalty is also Rs 5.9 crore, making the total Rs 11.81 crore.
Zomato provided detailed clarifications supported by pertinent documents and legal precedents in response to the show cause notice.
Zomato is expected to navigate this issue through legal avenues and continue engaging with tax authorities to address the demand and penalty.
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