Zomato (Eternal) News & Updates


The company has received a demand order for Rs 4,11,68,604 along with applicable interest and penalty totalling Rs 8,57,77,696. The penalty is due to the overutilisation of input tax credit and underpayment of GST.

Zomato stated that the action taken is based on an adjudication order issued under Section 73 of the CGST Act, 2017, and GGST Act, 2017. The order requires payment of GST totaling Rs 4,11,68,604, along with interest amounting to Rs 4,04,42,232 and a penalty of Rs 41,66,860. These amounts together constitute the total sum of Rs 8,57,77,696, which is around Rs 8.6 crore,
 
Even after all this the company is in loss. Delivery guys are not making livable wages. Restaurant still shut down.
 
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