Zomato Gets INR 402 Cr GST Demand Notice

Zomato is facing a GST demand notice of INR 402 crore for alleged non-compliance. The tax authorities have raised the issue based on discrepancies found in the company’s GST filings. The notice pertains to the company's financial statements and tax filings for the previous periods, which reportedly lacked certain details, leading to the demand. Zomato has said it is reviewing the notice and plans to respond appropriately. The matter could have significant financial implications for the company if the demand is upheld, and it adds to the regulatory challenges faced by tech and food delivery companies in India, especially concerning compliance.