ETERNAL LIMITED Receives GST Demand Orders Totaling ₹16.6 Crore with Penalties
ETERNAL LIMITED received two GST demand orders on March 18, 2026. The first order is for ₹4.98 crore GST and ₹4.98 crore penalty for FY20. The second order is for ₹6.00 crore GST, ₹2.70 crore interest, and ₹0.60 crore penalty for FY23. The company believes it has a strong case and will appeal.
While the company plans to appeal and does not expect a material financial impact, the total demand, penalty, and interest amount to approximately ₹16.6 crore, which could have a medium-term financial implication if the appeals are unsuccessful.
The company has received significant GST demand orders with penalties and interest, which is a negative development.
ETERNAL LIMITED (formerly Zomato Limited) has disclosed the receipt of two significant Goods and Services Tax (GST) demand orders on March 18, 2026. The first order, issued by the Additional Commissioner, CGST Gurugram Commissionerate, pertains to the period April 2019 to March 2020. It confirms a GST demand of ₹4,97,99,769 (approximately ₹4.98 crore) along with applicable interest and a penalty of ₹4,97,99,769 (approximately ₹4.98 crore).
The second order, received from the Assistant Commissioner, Ranchi, Jharkhand, relates to the period April 2022 to March 2023. This order confirms a GST demand of ₹5,99,95,835 (approximately ₹6.00 crore), interest of ₹2,69,98,126 (approximately ₹2.70 crore), and a penalty of ₹59,99,583 (approximately ₹0.60 crore).
The company has stated that these orders relate to the short payment of tax with interest and penalty. ETERNAL LIMITED believes it has a strong case on merits and intends to file appeals against both orders before the appropriate authorities. The company does not expect any material financial impact due to these orders.
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