Zomato CEO Deepinder Goyal has received a piece of bad news ahead of Diwali, as Eternal, which owns the Zomato and Blinkit brands, on Sunday received a goods and services tax (GST) demand order from the Uttar Pradesh tax authorities for over Rs 128 crore. The demand includes applicable interest and penalty, PTI reported.

Why did Eternal receive a demand order of Rs 128 crore?

The demand order received from the Deputy Commissioner, State Tax, Lucknow, Uttar Pradesh, is with respect to short payment of output tax and excess availment of input tax credit for the period April 2023 to March 2024, with interest and penalty thereon.

What Eternal said

Eternal said it believes it has a strong case on the merits and will file an appeal against the order before the appropriate authority. In a

See Full Page