Zomato gets ₹9.45 crore GST notice, plans to appeal against tax order

Zomato Ltd., the nutrient transportation supplier received a Goods and Service Tax (GST) request announcement of ₹9.45 crore from the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, said the institution successful a BSE speech filing.

The taxation regulator of Karnataka has demanded a GST of ₹5,01,95,462 ( ₹5.01 crore), which volition beryllium marked up with an involvement complaint of ₹3.93 crore, and a punishment of ₹50.19 lakh, bringing the full up to ₹9.45 crore, according to the filing.

The institution has received the taxation bid for the fiscal twelvemonth 2019-20 nether the audit of GST returns and accounts, according to the filing.

Zomato shares closed 0.10 per cent higher astatine ₹200.35 connected Friday, June 28th compared to the erstwhile adjacent astatine ₹200.15.

“We judge that we person a beardown lawsuit connected merits and the institution volition beryllium filing an entreaty against the bid earlier the due authority,” said the institution successful effect to the taxation notice.

This is not the archetypal clip the nutrient transportation institution got a taxation notice. Zomato received a tax announcement from the Additional Commissioner, Central Goods and Services Tax, Gurugram successful 2021. That announcement demanded the institution to wage ₹11.82 crore including involvement and punishment charges, according to media reports of that time. The institution had the aforesaid effect of taking a stance, appealing against the taxation order.

Catch each the

Corporate news

and Updates connected Live Mint. Download The

Mint News App

to get Daily

Market Updates

& Live

Business News.

MoreLess