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    HomeNewsBusinessDGGI issues GST demand notice to Zomato & Swiggy

    DGGI issues GST demand notice to Zomato & Swiggy

    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

    Moneycontrol News
    November 22, 2023 / 17:29 IST
    DGGI issues GST demand notice to Zomato & Swiggy

    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.

    Moneycontrol reached out to both the companies but did not get a response.

    Also Read: Social, Farzi Cafe founders bat for ONDC as Swiggy, Zomato eat up 55% of order values

    Moneycontrol News
    first published: Nov 22, 2023 03:55 pm

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