@ranjan_r My previous responses got deleted from the platform as they contained the blog link I was referring to. Here is my response to your question without the blog link:
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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 my substack - Finding Outperformers
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Few of the tax notices are actually the ones based on how industry practices being followed and not specific to Zomato. But since Zomato is listed and is obliged to share the tax notice on exchanges, where as similar notices might be received by Swiggy as well. I am not a tax expert though, but we shall that need to closely track this risk over time.
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