Eternal Gets ₹1.28 Billion GST Demand, Says No Financial Impact Expected

Eternal Ltd. on Saturday said it has received a goods and services tax demand order from the Uttar Pradesh Deputy Commissioner of State Tax, along with a penalty totalling ₹1.28 billion. The order pertains to short payment of output tax and excess availment of input tax credit, the company said in an exchange filing.

The Zomato owner said it has a strong case on merit and does not expect any financial impact from the order.