Zomato Shares In Focus Today After Company Gets Rs 803 Crore GST Notice

New Delhi: Shares of Food delivery aggregator Zomato will be in focus on Friday (December 13) after the company got Rs 803.4 crore notice (including interest and penalty) from the GST department in Thane.

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.

The company said it will file an appeal before the appropriate authority as it believes it has a strong case.

"... Company has received an order on 12 December 2024 ... For the period 29 October 2019 to 31 March 2022 passed by Joint Commissioner of CGST & Central Excise, Thane Commissionerate, Maharashtra, confirming demand of GST of Rs 401,70,14,706 with interest as applicable and penalty of Rs 401,70,14,706," Zomato stated.

"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," it added.