Swiggy, a popular food delivery service in India, is currently facing some serious tax problems. The tax officials from Maharashtra and Bangalore have sent Swiggy a big bill of Rs 165 crore for the financial year 2021-22. This means they think Swiggy owes a lot of money in taxes. Swiggy has decided to fight against these tax notices by going to court.
In Pune, a tax officer has said that Swiggy didn’t follow the rules about paying taxes on salaries. They’ve given Swiggy a fine of Rs 7.59 crore. This makes people question how Swiggy handles payments to its employees and whether they’re following the law properly.
In Bangalore, another tax official has said that Swiggy owes Rs 158 crore because of how they’re treating cancellation charges that they pay to restaurants. The tax officials believe that these charges shouldn’t be counted as expenses, which is different from what Swiggy thinks.
Swiggy is preparing to defend itself in court. They’re gathering all the necessary information and documents to show that they’re right. Their legal team is working hard to explain why they believe they’ve followed the tax laws correctly.
The leaders at Swiggy want to assure everyone, including investors and customers, that these tax issues won’t hurt their business. They’re still delivering food and working with restaurants as usual.
As Swiggy fights these tax challenges, the results could change how other food delivery companies handle similar situations in the future. How this case is resolved may set new rules for the entire industry.
