Indian foodtechs Zomato, Swiggy get notice for $90 million in unpaid taxes -CNBC TV18
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2023-11-22 18:54
BENGALURU India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees

BENGALURU India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees ($90 million) to food delivery companies Zomato and Swiggy, CNBC-TV18 reported on Wednesday, citing sources.

The Directorate General of GST Intelligence (DGGI) has sent a tax demand of more than 4 billion rupees to Zomato and of around 3.5 billion rupees to Swiggy, the report said.

The DGGI considers delivery a service on which the two companies are liable to pay goods and services tax (GST) between July 2017 and March 2023, CNBC-TV18 reported.

Zomato declined to comment, while Swiggy and the DGGI did not immediately respond to Reuters' requests for comment. ($1 = 83.2440 Indian rupees)

(Reporting by Varun Vyas in Bengaluru; Editing by Savio D'Souza)

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