The Directorate General of GST Intelligence has issued a GST demand notice to Zomato & Swiggy, CNBC-TV18 reported on November 22, citing sources.
The estimated GST demand, which is calculated from July 2017 to March 2023, from Zomato is over Rs 400 crore whereas from Swiggy it is Rs 350 crore, the report further added.
DGGI believes that since delivery is a service so Zomato & Swiggy are liable to pay GST on service.
Meanwhile, shares of Zomato on November 22 ended more than 1 percent lower at Rs 115.30 apiece.
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