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ZOMATO GST IMPACT
Swiggy increases platform fee to Rs 17.58 from Rs 14.99, days after Zomato's hikeSwiggy platform fee hike: This comes days after rival Zomato hiked its platform fee by Rs 2.40 per order to Rs 14.90 before GST. Including ...- Zomato’s fee hike to boost margins, demand still intact : Jignanshu GorZomato has increased its platform fee, aiming for better profits. This move puts it ahead of rival Swiggy in charges. Analysts believe this...
- ETtech Explainer: Zomato’s platform fee hike aims at profits to fund quick commerce growthWith around 267 million quarterly orders, even small hikes in these levies are adding meaningful income. The increase comes amid a recovery...
- Food delivery likely to get costlier on platform fee hike, GST levyFood delivery is set to get costlier as Zomato, Swiggy and magicpin have raised platform fees ahead of the festive season, with an addition...
- 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...
- Zomato, Swiggy, Blinkit delivery fees to face 18% GST. What it means for investorsIndia’s food delivery and quick commerce firms face higher costs after the GST Council brought delivery fees under Section 9(5) of the CGST...
- 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...
- Insurtech’s offline push; GST heat on Zomato explainedHappy Monday! Insurtech startups are opting for an offline strategy for deeper market reach. This and more in today’s ETtech Morning Dispat...
- ETtech Explainer: What’s behind the Rs 803-crore GST demand on Zomato?Indian food delivery giant Zomato received Rs 803 crore GST notice. The government says Zomato should pay tax on delivery fees. Zomato argu...
- Zomato gets fresh GST demand, penalty order of Rs 17.7 croreThe demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty ther...
- Zomato gets Rs 4.59 crore tax demand noticesThe company said it plans to appeal against the demand orders passed by the Assistant Commissioner of GST and Central Excise, Nungambakkam ...
- Zomato gets Rs 11.82 crore tax demand noticeZomato faces Rs 11.82 crore tax demand and penalty order by the Additional Commissioner, Central Goods and Services Tax, Gurugram, related ...
- Zomato gets service tax demand and penalty order of Rs 184 croreThe demand order has been received for non-payment of service tax for the period October 2014 to June 2017 determined on the basis of certa...
- Zomato gets tax demand order of Rs 23 croreZomato to appeal Rs 23.26 crore tax demand from Karnataka for FY 2018-19, including GST of Rs 11,27,23,564. Confident in a strong case, Zom...
- Zomato shares rise 3% on platform fee hikeEarlier in December 2023, Zomato received a Rs 402-crore show-cause notice from the goods and services tax (GST) authorities over unpaid du...
- Zomato gets fresh GST notices for Rs 4.2 crore; plans to appeal against demandsZomato said it was issued show-cause notices earlier over these demands and that it had submitted its response. But “authorities in Delhi a...
- 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.
- Swiggy, Zomato reach out to govt for clarity on GSTThe GST Council has said that food delivery platforms such as Swiggy and Zomato should cough up 5% GST, just like restaurants. The tax for ...
- Swiggy, Zomato to collect 5% GST on deliveries, food not to get dearerFood delivery apps will now be required to collect 5% GST from consumers instead of the restaurant they pick up orders from, Sitharaman sai...
- Zomato, Swiggy to pay GST on restaurants' behalf. Will your online food ordering bill rise?At present, restaurants charge 5% GST without input tax credit, on the supply of services including supply of food and beverages. Meanwhile...
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