The Directorate General of GST Intelligence has issued Goods and Services Tax (GST) demand notices to food aggregators Zomato & Swiggy, a news report said on Wednesday.
Zomato and Swiggy have received GST notices worth Rs 400 crore and Rs 350 crore, respectively, CNBC TV-18 reported.
The DGGI raised the tax demand as it believes that since food delivery is a service, Zomato and Swiggy are liable to pay GST.
Zomato’s shares closed 1.07 per cent lower at Rs 15.25 apiece on Wednesday.