Zomato Shares Fall After Being Slapped With A GST Penalty Of Rs.3.5 Lakh
Deepinder Goyal-led Zomato appears to have ran into a bit of a trouble, as the company has been served with a GST penalty notice of Rs 3.5 lakh. This also appears to have started to affect their performance at teh equity market as well. The company shares were trading in red in the early hours of the day's trade on Monday, September 2.
Zomato Slapped With GST Penalty
Interestingly, this is the second time the food delivery and quick service entity has been served with a GST notice, within the span of about a week.
Previously, the Gurugram-based company was served with GST demand notices from Tamil Nadu and West Bengal authorities for about Rs 4.59 crore.
