Deepinder Goyal's Zomato Receives New Rs 177 Crore Notice ; Details Inside

Deepinder Goyal's online food delivery service, Zomato, has received a new GST demand order totaling Rs 17.7 crore, which includes interest and penalties. This order is related to the non-payment of GST on delivery charges and was issued by the Assistant Commissioner of Revenue in West Bengal.

The online food delivery giant has been facing tax demand orders from various authorities recently. Despite this, its shares continue to rise, closing at Rs 275.25 on the NSE on Wednesday. As of September 18, the company’s market cap stands at Rs 2.40 lakh crore.

Zomato stated in a regulatory filing, "We believe we have a strong case and will be appealing the order before the appropriate authority." This order, issued by the Assistant Commissioner of Revenue in West Bengal, pertains to the period from April 2021 to March 2022. It confirms a GST demand of Rs 11,12,79,712, along with interest of Rs 5,46,81,021 and a penalty of Rs 1,11,27,971.

"The Company in its response to the show cause notice had clarified on the issue along with relevant documents and judicial precedents, which appears to not have been appreciated by the authorities while passing the order," Zomato said. 

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