Zomato faces a $94.5 million tax bill from Indian tax authorities for allegedly unpaid GST on delivery charges from October 2019 to March 2022.
The company has stated that it possesses a strong legal case, backed by external advisors, and plans to appeal the tax order issued against it.
This tax liability represents significant financial exposure for Zomato, surpassing half of its projected profits for the fiscal year ending March 2024.
The implications of this ruling may resonate beyond Zomato, possibly affecting the broader food delivery sector's tax obligations in India.
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