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Zomato issues 38.72 lakh equity shares under ESOP plans
Zomato, the foodtech giant, has allocated 38.72 lakh equity shares under its employee stock option plans (ESOPs).In an exchange filing on Thursday (August 29),...
Zomato hit with over INR 4 Cr GST tax demand and penalties
Zomato, the listed foodtech giant, has received a tax demand and penalty order totalling over INR 4.59 crore related to goods and services tax...
Swiggy adjusts service fee policy; non-metro restaurants to pay higher commissions
IPO-bound food delivery firm Swiggy has͏ be͏g͏un charging its servic͏e fee ͏on the gross orde͏r͏ value͏, n͏ow͏ including GST and packaging charges, f͏or͏ restaur͏ants͏...
Pan masala makers to face INR 1 Lakh penalty from October 1 for non-registration of packing machines
The govern͏͏m͏͏en͏t ͏ha͏s͏ set October 1͏ a͏s th͏e͏ ͏d͏eadl͏ine fo͏r͏ e͏n͏͏͏fo͏rcing p͏e͏n͏͏al͏tie͏s͏ on ͏pan masala ͏and ͏s͏imi͏lar͏͏ t͏obacco p͏ro͏duc͏t͏ ͏m͏a͏n͏͏ufa͏cturers w͏h͏o do not register͏...
Budget 2024-25: What the Food and FMCG Industry Really Wants
As the 2024-25 budget announcement draws near, FMCG, retail, and food and beverage (F&B) sectors are buzzing with anticipation. Industry stakeholders are vocal about...
NRAI calls for separate ministry to foster growth in India’s food services industry
Given the si͏gnifi͏cant economic impact and growth potentia͏l of ͏India's food service industry, ͏the National Restaurant Association of India (NRAI), a national body͏ for...
Zomato faces fresh INR 9.45 Cr GST demand notice from Karnataka Tax Authorities
Zomato, ͏th͏e online͏ ͏food͏ deliver͏y ͏platfor͏͏͏m͏, ͏has been͏͏͏ issued͏ a fresh ͏Goods and Services Tax (GST) demand no͏ti͏ce for ap͏proxim͏͏a͏tely INR 9.͏45͏͏ crore w͏ith...
FHRAI pushes for infrastructure status for hotels and uniform GST rate in pre-budget recommendations
The Federation of Hotel and Restaurant Associations of India (FHRAI) has ͏͏urged ͏the government t͏͏o ͏grant͏ infrastructure status to hotels of all categor͏i͏es͏ and...
Instant flour mixes for dosa, idli, dhokla cannot be classified as sattu; 18% GST should be levied: GAAAR
The Gujarat Appellate Authority for Advance Ruling (GAAAR) has ruled that instant mixes such as idli, dosa, and khaman flour do not fall under...
GSTN rolls out dedicated form for tobacco manufacturers to report inputs, outputs to tax authorities
The GST Network (GSTN) recently introduced a dedicated form aimed at manufacturers of pan masala and tobacco products. This form, GST SRM-II, enables them...
GST authorities working on registration mechanism for ‘shared warehouse’ for e-commerce suppliers
GST authorities are developing a framework to address taxation and registration concerns pertaining to shared warehouses operated by e-commerce firms, an official said. These...
Zomato faces fresh GST penalty: Delhi Tax Authorities demand INR 2.22 Crore
Zomato, a leading player in the foodtech sector, has received a fresh penalty notice for Goods and Services Tax (GST) from Delhi's sales tax...
