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Swiggy faces Rs 158 crore tax demand in India over alleged unreported income and merchant charges.
Swiggy, a food and grocery delivery company in India, has received a tax assessment order demanding over Rs 158 crore for the fiscal year 2022, citing issues with merchant cancellation charges and unreported interest income from tax refunds.
Swiggy plans to appeal the order, arguing it has strong legal grounds.
The company also faces additional scrutiny over unpaid Goods and Services Tax (GST) and has seen its stock value drop significantly since its IPO in late 2021.
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Swiggy se enfrenta a una demanda fiscal de 158 millones de rupias en la India por los presuntos ingresos no denunciados y las cargas comerciales.