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Zomato Receives 23 Crore GST Notice

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Questions and Answers

What is the total amount of the tax demand that Zomato received from the Karnataka commercial taxes authority?

34.2 crore

70.76 crore

8.6 crore

23 crore (correct)

What was the reason behind the tax notice issued to Zomato by the Karnataka commercial taxes authority?

Failure to submit tax returns

Availing excess input tax credit under GST rules (correct)

Inaccurate employee payroll calculations

Underreporting sales revenue

How did Zomato respond to the show cause notice received from the authorities?

Filed for bankruptcy

Paid the tax demand immediately

Ignored the notice

Provided clarifications with relevant documents and judicial precedents (correct)

When did Zomato receive three demand orders over alleged short payment of GST?

December 30 and 31, 2023 Signup and view all the answers

What is Zomato's stance regarding the financial impact of the tax demand notices on the company?

Does not expect any financial impact on the company Signup and view all the answers

In addition to Karnataka, from which state's tax authority did Zomato receive a tax notice for 8.6 crore?

Gujarat Signup and view all the answers

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