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SWIGGY TAX ISSUES
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Inside Zepto’s IPO filing — the key takeawaysQuick commerce platform Zepto has filed its updated draft papers for public listing, revealing detailed financials and operational metrics....
- Zepto IPO: Founders Aadit Palicha, Kaivalya Vohra skip OFS as Nexus Ventures leads share saleZepto’s founders, Aadit Palicha and Kaivalya Vohra, will retain their stakes and not participate in the Rs 9,500 crore IPO’s offer-for-sale...
- ED summoned Zepto founders under FEMA ahead of IPO: Here’s what the updated DRHP revealsQuick commerce platform Zepto disclosed that its founders, Aadit Palicha and Kaivalya Vohra, were summoned by the Enforcement Directorate (...
- Listed new-age internet firms brace for a costly ride as war clouds mathThe March quarter was largely stable for companies, with most firms reporting revenue growth in line with expectations and improving operat...
- Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...
- Stocks in news: Canara Bank, MCX, Urban Company, Ola Electric, Vodafone IdeaIndian markets closed higher amidst volatility, with global events like the US-Iran agreement keenly watched. Several companies, including ...
- Zepto gets Sebi nod for IPO; issue size pegged at Rs 8,000-9,000 crore: sourcesQuick commerce firm Zepto has secured Sebi's nod for its initial public offering, paving the way for an updated draft prospectus in the nex...
- Zomato, Swiggy face Rs 180-200 crore GST hit, plan to pass on burden to delivery partners, customersZomato and Swiggy are set to face an additional GST burden of Rs 180-200 crore annually following a GST Council clarification. The companie...
- Taxman opens the parcel: GST sleuths probe restaurant packaging chargesIndian tax authorities are investigating whether restaurants have evaded taxes on packaging charges, following scrutiny of 'food and delive...
- Swiggy shares in focus after Rs 158 crore tax demand, firm plans to appealSwiggy shares: Earlier, the Bengaluru-based company received notices from the Income Tax Department regarding unpaid dues related to cancel...
- Swiggy faces Rs 158 crore tax demand, plans to appealSwiggy received an assessment order for Rs 158.25 crore unpaid dues, citing tax issues on cancellation charges and interest income. This re...
- Zomato receives tax demand of Rs 803 crore from GST authoritiesFood and grocery delivery major Zomato has received a tax demand notice of Rs 803.4 crore from GST authorities in Maharashtra, the company ...
- Zomato receives Rs 402 crore unpaid GST notice, company contests chargesZomato said it received the GST notice on December 26 to show cause as to why an alleged tax liability of the said amount for the period Oc...
- Zomato, Swiggy want to clarify stance to DGGI on tax noticeCompanies are expected to tell officials that delivery fees are not accounted for as revenue, but passed on to delivery workers and hence c...
- Discounts offered by Swiggy, Zomato to come under taxman's lensTaxman set to scrutinise whether any "barter" with banks or restaurants involved
- Restaurant industry wants clarity on GST on Swiggy, ZomatoThe GST Council has said that food delivery platforms such as Swiggy and Zomato should cough up 5% GST, just like restaurants.
- GST Council Meet: Tax reduction on life saving drugs, and other key highlightsReducing taxes on life-saving medicines, bringing petrol and diesel within the ambit of indirect tax, rationalizing an inverted duty struct...
- Swiggy, Instakart under tax lens over fake GST claimsCompanies deny charges of generating bogus invoices via fictitious firms.
- Council to review food aggregator's GST woesThe aggregators are unable to show tax collected at source (TCS) from restaurants using their platform.
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