India, Aug. 7 -- Food delivery and quick commerce company Eternal has received a tax demand and penalty order of INR 1.34 Cr for the financial year 2021-22.
The company, which owns Zomato and Blinkit, said in a stock exchange filing that the Deputy Commissioner of State Tax, Lucknow, Uttar Pradesh, passed the order on August 6 under Section 74 of the CGST and UPGST Acts.
The total amount comprises INR 67.25 Lakh as tax demand and an equal amount as penalty, in addition to applicable interest.
The demand was raised on account of short payment of output tax and excess availment of input tax credit.
"We believe that we have a strong case on merits and the Company will be filing an appeal against the order before the appropriate authority...
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