Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What is the total amount of the tax demand that Zomato received from the Karnataka commercial taxes authority?
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?
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?
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?
When did Zomato receive three demand orders over alleged short payment of GST?
Signup and view all the answers
What is Zomato's stance regarding the financial impact of the tax demand notices on the company?
What is Zomato's stance regarding the financial impact of the tax demand notices 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?
In addition to Karnataka, from which state's tax authority did Zomato receive a tax notice for 8.6 crore?
Signup and view all the answers
Flashcards are hidden until you start studying
