Key Points
Food-delivery platform Zomato said it has received a service tax demand and penalty order aggregating more than Rs 184 crore...
The demand order is related to the non-payment of service tax from October 2014 to June 2017, according to the company...
The tax was determined on the basis of certain sales made by the companys foreign subsidiaries and branches to its customers located outside India, the company said in a regulatory filing...
Earlier, Zomato saw its international operations as a key growth area, but overseas revenue comprised a minute portion of its earnings, after which the platform has been shutting down its international business...
The demand had been issued for availing excess input tax credit under the goods and services tax (GST) rules.. On March 15, another notice for Rs 8.6 crore was raised with Zomato by the deputy commissioner of state tax, Gujarat...
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