ETERNAL LIMITED RECEIVES GST DEMAND ORDER OF ₹1.92 CRORE
ETERNAL LIMITED received a GST demand order for ₹1.92 crore with ₹1.58 crore interest and ₹19.24 lakh penalty for the period April 2019-March 2020. The company plans to appeal the order, stating it has a strong case on merits.
The total amount of demand, interest, and penalty is substantial and could impact the company's financials, although the company's intention to appeal may mitigate the immediate financial impact.
The company has received a significant demand order for GST, interest, and penalty, which negatively impacts its financial standing and requires further legal action.
ETERNAL LIMITED (formerly Zomato Limited) has received an order on January 06, 2026, from the Additional Commissioner of State Tax (Appeals), West Bengal, concerning the period April 2019 to March 2020. The order confirms a Goods and Services Tax (GST) demand of ₹1,92,43,792 (Rupees One Crore Ninety Two Lakh Forty Three Thousand Seven Hundred and Ninety Two).
In addition to the principal GST demand, the order includes interest of ₹1,58,12,070 (Rupees One Crore Fifty Eight Lakh Twelve Thousand and Seventy) and a penalty of ₹19,24,380 (Rupees Nineteen Lakh Twenty Four Thousand Three Hundred and Eighty). The demand pertains to alleged short payment of output tax.
The company believes it has a strong case on merits and intends to file an appeal against this order before the appropriate authority. This information is in continuation to a previous disclosure filed on August 29, 2024, and will be available on the company's website, www.eternal.com.
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