Quick Summary
On December 28, Zomato Ltd, the popular online food delivery platform, revealed that it received a show cause notice (SCN) from the Goods and Services Tax (GST) office. The notice cites a purported tax liability of ₹401.7 crore, along with interest and penalty, pertaining to the collection of delivery fees from customers spanning from October 29, 2019, to March 31, 2022. Details of the SCN Zomato disclosed in an exchange filing that the show cause notice, received under Section 74(1) of th
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FAQ :
Zomato has received a show cause notice citing a purported tax liability of ₹401.7 crore, along with interest and penalty.
The notice pertains to the collection of delivery fees from customers spanning from October 29, 2019, to March 31, 2022.
The notice was issued by the Directorate General of GST Intelligence, Pune Zonal Unit.
Zomato is required to present a case explaining why the alleged tax liability, along with interest and penalty, should not be demanded.
Despite the tax scrutiny, Zomato's stocks closed positively on December 27th, gaining 1.64% on BSE and 1.48% on NSE.
The alleged tax liability is linked to the delivery charges collected by Zomato from customers on behalf of delivery partners during the specified period.
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