Tax authorities alleged that Swiggy “violated” provisions pertaining to deduction of Profession Tax from the employees salary
Swiggy plans to challenge the tax authorities as it believes it has strong arguments against the tax demand order
At 9:58 AM, shares of Swiggy were trading 5.71% lower at INR 317.95 apiece on the BSE.
The Maharashtra government has ordered Swiggy
to pay INR 7.59 Cr in back taxes for alleged violation of professional tax deduction from employees salary.
The Office of the Profession Tax Officer in Pune sent a tax demand order to Swiggy on April 4, the company said in an exchange filing.
Tax authorities alleged that the foodtech major “violated” provisions pertaining to deduction of ‘Profession Tax’ from the employees salary under the Maharashtra State Tax on Professions, Trades, Callings & Employments Act, 1975.
Swiggy plans to challenge the tax authorities as it believes it has strong arguments against the tax demand order.
At 9:58 AM, shares of Swiggy were trading 5.71% lower at INR 317.95 apiece on the BSE.
(The story will be updated shortly.)
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