Swiggy Limited has received a tax demand of ₹98.91 lakh from the Income Tax Department for the financial year 2017–18, the company disclosed in a regulatory filing on March 26. The demand includes ₹53.47 lakh in tax and ₹45.45 lakh in interest.
The notice was issued by the Deputy Commissioner of Income-tax, TDS Circle – 3(1), Bangalore, on March 25, 2025. According to the order, the demand stems from an alleged non-deduction of tax under Section 194C of the Income-tax Act, 1961, relating to cancellation charges paid by Swiggy to merchants.
Swiggy, however, maintains that it has a strong case on merits and plans to file an appeal with the appropriate authority. The company clarified that the order will not have any significant impact on its financial or operational performance.
“We believe that we have a strong case on merits and are taking necessary steps to protect our interest through review or appeal,” said Sriharsha Majety, Managing Director and Group CEO of Swiggy.
