Business News
Home > Business News
Swiggy, Zomato to collect 5% GST on deliveries
TIWN
TIWN
PHOTO : TIWN
Lucknow, Sep 17 (TIWN) The GST Council on Friday approved a proposal to treat food delivery apps such as Zomato and Swiggy as restaurants and levy 5 per cent GST on supplies made by them.
Such food delivery apps will now be required to collect 5 percent GST, or Goods and Services Tax, from consumers instead of the restaurant they pick up orders from, Finance Minister Nirmala Sitharaman said on Friday evening after the council meeting. There would be no extra tax burden on the end consumers taking food delivery from restaurants registered with the GST. However, the levy will plug tax evasion being done by unregistered restaurants.
Add your Comment
Comments (0)
More Business News
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals
- Govt bonds worth Rs 30,000 crore to come up for auction on April 12
- Taiwanese chip major TSMC gets $6.6 bn subsidy for chip plant by US govt