Online food delivery platform Zomato has disclosed that it is facing a service tax demand and penalty order totaling over Rs 184 crore. In response, the company intends to file an appeal against the order before the appropriate authority. The demand pertains to non-payment of service tax covering the period from October 2014 to June […]
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 […]
Manufacturers of pan masala, gutka and similar tobacco products will be subject to penalties of up to Rs 1 lakh if they fail to register their packing machinery with GST authorities, effective 1 April. The aim is to combat revenue leakage in the tobacco manufacturing sector, as per amendments introduced in the Finance Bill, 2024, […]
Asian Paints revealed a tax demand of Rs 13.83 crore, accompanied by a penalty of Rs 1.38 crore, from the Deputy Commissioner of State Tax, Chennai, Tamil Nadu. Under the Central Goods and Services Tax Act, 2017, and corresponding regulations, the demand pertains to the additional tax on outward supplies and disallowance of Input Tax […]
The Confederation of All India Traders (CAIT) has registered a complaint with the Ministry of Consumer Affairs against a Flipkart advertisement featuring Bollywood icon Amitabh Bachchan, promoting the upcoming Big Billion Days sale. CAIT deems the advertisement as “misleading” and detrimental to the interests of small retailers in the country. In its statement, CAIT has […]
