Hi @ranjan_r, here is my take on the tax related issues:
- Sep 30 of 2023, Dec 31 of 2023 and Mar 31 of 2024 were important deadlines by the GST department to send tax notices pertaining to cases pertaining to FY18, FY19 and FY2020. This kind of forced the tax authorities to send notices across corporate India including likes of HUL, Zomato, etc. before the deadline. I have covered the deadline issue in detail in my gaming related blog:- Will Nazara receive a GST notice?
- On the governance front, its tougher one to answer. Since Zomato is listed entity, it’s obliged to make the tax notices public. But considering the nature of notices they have received in past, I feel the issue is more inclined towards how the standard practice is followed by the players. So I won’t be surprised if Swiggy received bigger notices than Zomato as they had larger market share in previous years. (Zomato/Blinkit blog - Fast, faster, delivered!)
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