The GST department sought ₹ 40 crore tax from Zomato: it includes interest of ₹ 21.42 crore; The company will challenge demand in court

The company said in its regulatory filing that it is going to challenge the demand in the court.

The GST department has demanded a tax of Rs 40 crore from Jomato (Internal). These tax demands are based on audit and investigation between July 2017 to March 2020.

The 3 notices received by the company include ₹ 17.19 crore GST, ₹ 21.42 crore interest and ₹ 1.71 crore penalty. These orders have been given by GST Joint Commissioner Bangalore.

The company said in its regulatory filing that it is going to challenge the demand in the court. The company has said that they expect a decision in their favor according to the law. Will start the appeal process soon.

Eternal earnings increased by 69% in the first quarter

FY has earned a total of Rs 7,521 crore in the first quarter (Q1Fy26) of FY 2025-26. This is 69.31% higher than last year. The company earned Rs 4,442 crore in the same quarter of last year.

Out of the total earnings, the company survives Rs 25 crore as a net profit (consolidated net profit) with the total earnings. It has fallen 90% on the annual base (April-June of 2025). The company had a profit of Rs 253 crore in the same quarter last year.

Quick Commerce ahead of food delivery business

Eternon reported that this is the first quarter, when the company’s Quick Commerce segment has recorded a higher net order value (Nov) than the Food delivery segment in the history of the company.

The Net Order Value of the company’s Quick delivery service segment (Blinkit) was ₹ 9,203 crore in the June quarter. At the same time, the net order value of the company’s food delivery business was ₹ 8,967 crore.

Jomato changed its name on 20 March 2025 to Eternal Limited. The official listing with the new name ‘Eaterial’ on the Stock Exchange took place on 9 April 2025.

Deepinder made Foodibe in 2008

• Deepinder Goyal and Pankaj Chadha together launched their food directory website called Foodibe in 2008. In just nine months, Foodibay became the largest restaurant directory in Delhi NCR.
• After two years in 2010, the company was renamed to Jomato. Soon after its success in Delhi-NCR, the company started spreading branches in cities like Pune, Ahmedabad, Bangalore, Chennai and Hyderabad.
• By 2012, Jomato started expanding abroad by increasing its services in Sri Lanka, UAE, Qatar, South Africa, UK and Philippines. In 2013, New Zealand, Türkiye and Brazil were added to this list.
• Jomato is the country’s first food-tech unicorn. Startups with more than 1 billion dollars are called Unicorn. Jomato first recorded a profit of Rs 2 crore in the first quarter of Financial Year 2024.
• Jomato is a technology platform that connects customers, restaurant partners and delivery partners. In addition to food delivery, Jomato founder Deepinder Goyal bought a blinkit in August 2022 for grocery delivery.

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