Eternal Gets INR 40 Cr Tax Demand Notice

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Eternal Limited, the parent company of Zomato, has been served with three orders by the Goods and Services Tax (GST) department, raising a demand of more than INR 40 Cr. The orders, issued by the Joint Commissioner (Appeals)-4, Bengaluru, cover the period between July 2017 and March 2020.

According to the company’s regulatory filing, the confirmed demand comprises INR 2.29 Cr (GST, interest, and penalty) regarding short payment of output tax for the period between July 2017 and March 2018, INR…



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Eternal Gets INR 40 Cr Tax Demand Notice


Eternal Limited, the parent company of Zomato, has been served with three orders by the Goods and Services Tax (GST) department, raising a demand of more than INR 40 Cr. The orders, issued by the Joint Commissioner (Appeals)-4, Bengaluru, cover the period between July 2017 and March 2020.

According to the company’s regulatory filing, the confirmed demand comprises INR 2.29 Cr (GST, interest, and penalty) regarding short payment of output tax for the period between July 2017 and March 2018, INR…



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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