Eternal Gets INR 1.34 Cr Tax Demand Order For FY22

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SUMMARY

The Deputy Commissioner of State Tax, Lucknow, Uttar Pradesh, passed the order on August 6 under Section 74 of the CGST and UPGST Acts

The total amount comprises INR 67.25 Lakh as tax demand and an equal amount as penalty, in addition to applicable interest

The demand was raised on account of short payment of output tax and excess availment of input tax credit

Food delivery and quick commerce company Eternal has received a tax demand and penalty order of INR 1.34 Cr for…



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Eternal Gets INR 1.34 Cr Tax Demand Order For FY22


SUMMARY

The Deputy Commissioner of State Tax, Lucknow, Uttar Pradesh, passed the order on August 6 under Section 74 of the CGST and UPGST Acts

The total amount comprises INR 67.25 Lakh as tax demand and an equal amount as penalty, in addition to applicable interest

The demand was raised on account of short payment of output tax and excess availment of input tax credit

Food delivery and quick commerce company Eternal has received a tax demand and penalty order of INR 1.34 Cr for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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