Eternal Ltd (formerly Zomato) Receives ₹14.76 Lakh GST Demand Order for Short Payment of Tax
Eternal Ltd (formerly Zomato) has received a GST demand order of Rs. 14.76 lakh with an equal penalty for short payment of taxes and plans to appeal.
Zomato - GST - Demand - Taxscan
Zomato - GST - Demand - Taxscan
Eternal Limited, which was earlier known as Zomato Limited, has received a demand order from the Deputy Commissioner of State Tax in Lucknow, Uttar Pradesh. The order dated 19 August 2025 relates to the financial year April 2020 to March 2021.
According to the company filing, the tax authority has raised a demand for Goods and Services Tax amounting to Rs. 14.76 lakh. Along with this, the order also imposes a penalty of an equal amount of Rs. 14.76 lakh. Interest is also payable on the tax demand. The order has been passed under Section 74 of the Central Goods and Services Tax Act 2017 and the Uttar Pradesh Goods and Services Tax Act 2017.
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The demand is connected to the alleged short payment of tax collected at source and output tax during the period under review. The authorities have held that the company did not fully discharge its liability which resulted in the demand along with penalty and interest.
In its statement, Eternal Limited said that it believes it has a strong case on merits. The company has confirmed that it plans to file an appeal against the order before the appropriate authority. Eternal also stated that it does not expect any material financial impact on its business as a result of this order.
The disclosure has been made as required under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations 2015. This ensures that shareholders and investors are kept informed about significant legal and regulatory developments involving listed companies.
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About Company
Eternal Limited, which was formerly known as Zomato Limited, operates in the technology-enabled services sector. The company had earlier been widely recognized for its online food delivery platform under the Zomato brand.
After restructuring and rebranding, the company is listed on the Bombay Stock Exchange and the National Stock Exchange under the symbol Eternal. In the April to June 2025 quarter, its revenue jumped 70 percent to over Rs 7,000 crore, mainly because of its quick commerce arm Blinkit but net profit dropped 90 percent to just Rs 25 crore due to high expenses and heavy investments in expansion.
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