Page 10 - Zomato

Food delivery firm Zomato gets Rs 11.82 crore GST related tax demand notice

Online food delivery platform Zomato has received a tax demand and penalty order of Rs 11.82 crore related to GST on export services provided to its subsidiaries located outside India from July 2017 to March 2021. The order was passed by the Additional Commissioner, Central Goods and Services Tax, Gurugram, raising the GST demand of Rs 5,90,94,889, with applicable interest (not quantified) and penalty of Rs 5,90,94,889. "We believe that we have a strong case on merits, and the company will be filing an appeal against the order before the appropriate authority," Zomato stated in a regulatory filing late evening on Friday. It informed that the demand order has been received, "confirming demand of GST on export services provided by the company to its subsidiaries located outside India during the period July 2017 to March 2021 by upholding that such services do not fulfil the conditions for the supply to qualify as export of service under GST". "The company, in its response to the show

Zomato launches all-electric 'large order fleet' catering to parties

Zomato CEO Deepinder Goyal posted on X (formerly Twitter) that the company previously managed large orders through multiple delivery agents, resulting in subpar customer experiences

Zomato's improved profits, 260% stock surge leaves analysts scrambling

The nearly 260% surge in Zomato since last April has made it difficult for consensus to keep up, but expectations continue to rise

Zomato hits new high in subdued market; stock zooms 55% thus far in CY24

In the past one year, Zomato's stock price has appreciated nearly four-times or 270 per cent from a level of Rs 51.75.

Zomato gets service tax demand and penalty order of Rs 184 cr

Online food delivery platform Zomato said it has received a service tax demand and penalty order aggregating over Rs 184 crore, and will file an appeal against it before an appropriate authority. The demand order has been received for non-payment of service tax for the period October 2014 to June 2017 determined on the basis of certain sales made by the foreign subsidiaries and branches of the company to its customers located outside India, the company said in a late night regulatory filing. The company also mentioned that in its response to the show cause notice it had clarified on the allegations along with supporting documents and judicial precedents, "which appears to not have been appreciated by the authorities while passing the order." Subsequently, the company said it received the order passed by the Delhi Central Tax Commissioner (Adjudication) on April 1. "The company has received an order for the period October 2014 to June 2017 passed by the Commissioner, Adjudication, .

Stocks to Watch, April 1: Auto, Zomato, ZEE, RVNL, NHPC, Infy, Garden Reach

Stocks to Watch on Monday, April 1, 2024: Zomato has received a tax demand and penalty worth Rs 23.26 crore from Karnataka tax authorities

Zomato gets GST notice of Rs 23.26 cr from Karnataka tax authorities

The company received the tax order for the overutilisation of input tax credit, along with associated interest and penalties

Zomato gets GST demand order of Rs 23.26 cr from Karnataka tax authorities

Zomato on Sunday said it has received a tax demand, interest, along with penalty, to the tune of Rs 23.26 crore from the Assistant Commissioner of Commercial Taxes (Audit), Karnataka. The online food delivery platform said it will appeal against the order before the appropriate authority. In a regulatory filing to the BSE, the company said it has "received an order for FY 2018-19 pursuant to the audit of GST returns and accounts by the Assistant Commissioner of Commercial Taxes (Audit), Karnataka, raising demand of GST of Rs 11,27,23,564, along with applicable interest and penalty totaling to Rs 23,26,64,271. "We believe that we have a strong case on merits and the company will be filing an appeal against the order before the appropriate authority," Zomato said in the filing.

Simpl expands partnership with Zomato to enhance convenience for customers

Expansion is to address the growing number of consumers seeking checkout convenience. Simpl has recorded over 100 million checkouts during 2017-2023 on Zomato

Zomato, Nykaa: New-age stocks defy market fall; analysts see more upside

Data from ACE Equity shows that shares of Zomato, Nykaa (FSN-e Commerce), and PB Fintech have surged in the range of 4.6 per cent to 11.4 per cent in one month

Zomato CEO Goyal marries Mexican model-turned entrepreneur Grecia Munoz

Zomato founder and CEO Deepinder Goyal, who recently made headlines over the launch of a 'Veg Only' service catering to vegetarians, has tied the knot for the second time with Mexican model-turned entrepreneur Grecia Munoz, sources said. Goyal, 41, was previously married to Kanchan Joshi. They were reportedly studying in the same department in IIT Delhi. "Grecia has been in India running her own startup in the luxury consumer products space. She used to be a model, yes. They got married a couple of months ago," a source told PTI. Grecia's Instagram bio reads, 'Born in Mexico now at home in India'. She has been the winner of the Metropolitan Fashion Week, 2022. Earlier this week, facing a huge backlash over plans for separate green uniforms for a new vegetarian-only food delivery service, Goyal said the company will roll back the plan, and all delivery persons will continue to sport the current red shirts/t-shirts. The Zomato CEO rolled back the green-coloured 'Pure Veg' fleet for

Who is Deepinder Goyal's second wife, Grecia Munoz? Check details here

Deepinder Goyal married a Mexican model Grecia Munoz who now lives in India. Get to know more about her

Zomato rolls back green colour from veg fleet, all riders to wear red

Responding to backlash, on Tuesday night, Goyal clarified that the pure veg fleet 'doesn't serve or alienate any religious, or political preference.'

Zomato axes colour-coded veg fleet day after launch amid row: Explained

Zomato had earlier announced an exclusive "pure veg mode" and "pure veg fleet" for its vegetarian customers but scrapped the colour-based fleet plan after a social media backlash

'All riders wear red': Zomato drops green colour from pure veg fleet

Within a day of announcing its new 'pure veg fleet', Zomato received media backlash with customers raising concerns over driver safety and misidentification of delivery partners in red uniforms

Will roll back 'Pure Veg mode' in case of negative result: Zomato CEO

After facing a backlash online from a section of people over the launch of the "Pure Veg Mode" service, Zomato CEO Deepinder Goyal on Tuesday said the food delivery platform will "roll it back in a heartbeat" in case there is a negative social repercussions. In a long late night post on X, Goyal also sought to allay concerns that Zomato's regular fleet may be barred by some societies and RWAs. "There's an opinion that some societies and RWAs will now not let our regular fleet in. We will stay alert for any such cases and work with these RWAs to not let this happen. "We understand our social responsibility due to this change, and we will not back down from solving it when the need arises," he said. "Please note that this Pure Veg Mode, or the Pure Veg Fleet doesn't serve or alienate any religious, or political preference," he clarified. Goyal elaborated upon the reason behind introduction of the company's "Pure Veg Mode" service. "But why did we need to separate the fleets? Becaus

Deepinder Goyal launches 'Pure Veg Mode' to woo vegetarian customers

Zomato founder and chief executive officer Deepinder Goyal on Tuesday announced the launch of a 'Pure Veg Mode' along with a 'Pure Veg Fleet'

Zomato launches 'pure veg mode' to woo vegetarian customers: All details

Food delivery company Zomato announced the launch of a special feature - 'pure veg mode' - that will include restaurants that only serve veg food

Jefferies: L&T and Zomato among 11 stocks expected to double or triple in 5 years

Blinkit may become bigger than Zomato's food biz in 1 year: Deepinder Goyal

Meanwhile, food delivery at the end of Q3 FY24 had a revenue of Rs 2,025 crore, and Blinkit clocked Rs 644 crore