Food delivery aggregator Zomato on Thursday said the GST department in Thane has imposed a tax demand of Rs 803.4 crore, including interest and penalty.
The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, Zomato said in a regulatory filing.
Zomato Limited disclosed to stock exchanges on 12 December regarding the receipt of a GST order from the Joint Commissioner of CGST & Central Excise, Thane Commissionerate, Maharashtra confirming the demand of GST of Rs 401,70,14,706/- (Rupees four hundred and one crores seventy lakhs fourteen thousand seven hundred and six) with interest as applicable and penalty of Rs 401,70,14,706/- (Rupees four hundred and one crores seventy lakhs fourteen thousand seven hundred and six) for the period 29 October 2019 to 31 March 2022.
The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon said Zomato Limited in its stock exchange filing.
The company said it will file an appeal before the appropriate authority as it believes it has a strong case.
“We believe that we have a strong case on merits which is backed by opinions from our external legal and tax advisors.” “The company will be filing an appeal against the order before the appropriate authority,” Zomato added.
In the last trading session on December 12, the scrip settled at Rs 285.60 apiece at the BSE, which was 2.12 percent lower (or Rs 6.20) as against the previous day’s close.
With input from Money Control