Zomato's Parent Eternal Gets ₹27.56 Cr GST Notice; Company Confident of Appeal

• Zomato's parent company, Eternal, received a ₹27.56 crore GST notice from West Bengal for the period April 2020 to March 2022.
• The notice includes ₹16.72 crore in GST, ₹9.16 crore in interest, and ₹1.67 crore in penalty for alleged short payment of output tax.
• Eternal asserts the tax demand is disputed and will appeal the order, citing strong legal advice indicating a strong position.
• The company clarified that the notice will not significantly impact its business, operations, or financials.
• No immediate penalty, restriction, or operational halt has been imposed, reassuring investors about the legal process.

Why It Matters: Eternal (Zomato's parent) faces ₹27.56 Cr GST notice but plans appeal, assuring minimal business impact.