Zomato Shares Are Trading Flat After Tax Authorities Issued a Notice to Food Delivery Companies

Zomato shares closed the session at INR 115.25 as of the previous day’s (November 22) close. The stock was trading at INR 114 as of 9:20 a.m. on November 23.

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Zomato and Swiggy have allegedly got warnings for a total goods and services tax (GST) of INR 1,000 Cr.

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Zomato’s stock began flat on Thursday (November 23), following news that meal delivery aggregators Zomato and Swiggy.

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Zomato shares closed the session at INR 115.25 as of the previous day’s (November 22) close.

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Zomato and Swiggy have allegedly got letters for a total goods and services tax (GST) of roughly INR 1,000 Cr

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Since they began offering meal delivery, both food delivery platforms have been ordered to pay INR 500 Cr

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