GST Order Issued to Zomato's Parent
Eternal, the parent company of online food delivery giant Zomato and quick commerce platform Blinkit, has received a significant Goods and Services Tax (GST) demand order. The order, issued by the Additional Commissioner of State Tax (Appeals) in West Bengal, mandates a payment of ₹3,69,80,242. This sum comprises the base GST demand, accumulated interest, and penalties.
Details of the Demand
The demand pertains to the period between April 2019 and March 2020. Eternal reported that the order confirms a GST demand of ₹1,92,43,792, coupled with interest amounting to ₹1,58,12,070 and a penalty of ₹19,24,380. The company disclosed this information in a regulatory filing late on Tuesday evening.
Company Response and Appeal
Despite the substantial demand, Eternal expressed confidence in its position. The company stated in its filing that it "believes it has a strong case on merits." Consequently, Eternal confirmed its intention to file an appeal against the order before the appropriate tax authority. This move signals the company's intent to contest the ruling.