Quick Summary
Zomato, the renowned food delivery and restaurant discovery platform, disclosed on Sunday that it has received an order for the fiscal year 2018-19 following an audit of Goods and Services Tax (GST) returns and accounts conducted by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka. The order entails a GST demand of Rs 23.26 crore for the aforementioned fiscal year. In a regulatory filing, Zomato stated, This is to inform that the company has received an order for FY 2018-19
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FAQ :
Zomato has been issued a GST demand of Rs 23.26 crore for the fiscal year 2018-19, which includes applicable interest and penalty.
The demand is primarily due to the alleged excess availment of input tax credit by Zomato during FY 2018-19.
Zomato provided clarifications and relevant documents, including judicial precedents, but feels its submissions were not appreciated by the authorities.
No, Zomato believes it has a strong case on merits and will be filing an appeal against the order before the appropriate authority.
Zomato does not anticipate any financial repercussions resulting from this issue.
The order was issued by the Assistant Commissioner of Commercial Taxes (Audit) in Karnataka following an audit of Zomato's GST returns and accounts for FY 2018-19.
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