“…we wish to inform that now we have obtained a positive order on February 3, 2025 from the Commissioner (Appeals), Gurugram, Haryana dropping the sooner demand order handed by the Extra Commissioner, Central Items and Companies Tax, Gurugram for the interval July 2017 to March 2021,” Zomato mentioned in a submitting to the inventory exchanges.
Together with the penalty on unpaid tax dues, the total demand aggregated to Rs 11.82 crore.
The tax was decided on the premise of export providers offered by the corporate to its subsidiaries positioned outdoors India. In April, Zomato had mentioned that it didn’t see any advantage within the tax demand.
Along with this discover, Zomato has obtained a number of different tax notices from varied GST authorities throughout the nation — the most important one in every of which is a Rs 803-crore GST demand pertaining to unpaid tax dues for the interval October 29, 2019 to March 31, 2022.
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The Gurugram-based firm is interesting in opposition to this demand as effectively.
Uncover the tales of your curiosity
On Tuesday, Zomato’s inventory closed 1.6% down at Rs 234.50 on the BSE. The change submitting concerning the GST demand being dropped was made submit market hours.
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