Food delivery platform Zomato has been slammed with tax demand and penalty worth Rs 23.26 crore from Karnataka tax authorities. However, Zomato believed it had a strong case on merits and it will raise an appeal against the order before the appropriate authority. The demand order for the interest penalty and overuse of the input […]
Online food delivery giant, Zomato, finds itself embroiled in a Goods and Services Tax (GST) penalty issue with the Deputy Commissioner of State Tax in Gujarat. The penalty stems from an audit of Zomato’s GST returns and accounts for the financial year 2018-19, highlighting an alleged excess availment of input tax credit and short payment […]
United Spirits, now Diageo India, said on Wednesday that it had received a tax demand of Rs 4.47 crore from the Maharashtra state tax authorities for failing to submit statutory declaration forms. The assessment order, dated March 5, 2024, is for the fiscal year 2018-19 for CST (Central Sales Tax) and MVAT (Maharashtra Value Added […]
The food and hospitality sector stands united, appealing to the government for the restoration of input tax credit for GST, citing the escalating costs faced by the industry As Finance Minister Nirmala Sitharaman is gearing up to unveil the Union Budget 2024 on 1 February, all sectors have articulated their expectations from the government. The […]
Food delivery platform Zomato revealed on Sunday that it has been served with notices from tax authorities in Delhi and Karnataka regarding purportedly insufficient payment of goods and services tax in 2018, amounting to Rs 4.2 crore. Zomato, in a filing with stock exchanges, stated its intention to contest the tax demand notices and emphasised […]
Footwear giant Bata India disclosed receiving a notice from the State Tax Officer, Anna Salai Assessment Circle, Chennai, stating a sum of Rs 60.56 crore. This notice, dated 27 December 2023, follows a final audit report issued on 25 December, concerning the 2018-19 financial year, as detailed in the filing to the bourses. The audit […]
