Yes, Zomato collects Tax Collected at Source (TCS) on behalf of the government for certain transactions. While Zomato is responsible for depositing 5% GST directly to the government on restaurant services since January 2022 (under Section 9(5) of the CGST Act), they still collect 1% TCS under Section 52 for other goods or services not covered by that specific provision.
Under section 206C (1H) of the Income Tax Act, TCS is mandated if the seller's annual turnover exceeds Rs. 10 crore. Sellers are also required to deduct TCS if the aggregate sale amount received from a single buyer exceeds Rs. 50 lakh in a financial year.
TDS shall be deducted by Zomato at applicable rates on the Net Sales. Zomato shall provide a proof of such TDS deduction (Form 16A) within the time stipulated under the applicable law. In case of non-receipt of TDS credit, the Merchant shall have a right to claim such TDS amount as recoverable from Zomato.
These include debit cards, credit cards, or any UPI mode for secure payment. Also Read:- How To Successfully Sell On Zomato?
Here is the list of all acquisitions by Zomato sorted by the latest acquisition date:
Zomato (/zoʊˈmæˈtoʊ/ or /zoʊˈmɑːˈtoʊ/) is an Indian online food ordering and delivery service owned by Eternal Limited. Created in 2008 by Deepinder Goyal and Pankaj Chaddah, it began as a restaurant aggregator, providing menu information, user reviews, and recommendations, and expanding to more than 20 countries.
All-Stock Acquisition
Zomato acquired Blinkit through a share-swap arrangement, issuing its own equity shares to Blinkit's shareholders in exchange for 100% ownership.
Zomato typically charges a commission fee of 15% to 30% per order. To calculate this, simply multiply the total order value by the commission rate.
Top 10 Best Online Food Delivery Apps in India 2025
Zomato Payment Pvt Ltd (ZPPL) has been authorized by the RBI to function as an online payment aggregator. It is a subsidiary of Zomato, the Indian multinational restaurant aggregator and food delivery company. Zomato has now joined the ranks of Tata Pay, Razorpay, and Google Pay.
Form 15G and 15H are self-declaration forms that you submit to ensure that your income is not subjected to TDS. Individuals can submit this form to the bank, and based on this submission, the bank will not deduct TDS in their case.
Use Promo code GET50 to avail yourself 50% off your first order on Zomato. The maximum discount you can get using this code is Rs 150.
Understanding TDS Refund on Salary
A TDS refund is applicable when the tax deducted at source (TDS) by your employer exceeds your actual tax liability for the financial year. For example, if your total tax payable is ₹20,000 but your employer deducts ₹25,000, you are eligible for a TDS refund of ₹5,000.
5 Legal & Smart Ways to Avoid Paying 20% TCS on Foreign Remittances in 2025
If the tax collector responsible for collecting the tax and depositing the same to the Government does not collect the tax, then he will be liable to pay interest at the rate of 1% per month or part of the month in addition to the amount of TCS which he fails to collect.
Swiggy: Known for its super-fast delivery (average time: 30 minutes). Zomato: Slightly slower but still reliable (average time: 35-40 minutes).
Swiggy handles around 2.5 million orders daily, while Zomato is just behind with 2.2 million. Revenue-wise, Zomato's estimated ₹20,243 crore for FY25 beats Swiggy's ₹15,227 crore. This shows how fierce their competition is, with both investing heavily in expanding services and improving customer experience.
In April 2021, Zomato converted itself to a public entity to prep up for its IPO. Zomato then appointed founder and CEO Deepinder Goyal as the managing director and CEO of the company for the next five years, with INR 3.5 Cr as basic salary remuneration.
Zomato's Hidden Fees: 16% Markup for Using the App.
Zomato has successfully navigated towards profitability through several strategic moves. Firstly, the company diversified its revenue streams by expanding into various sectors, such as a food marketplace platform, Hyperpure B2B supplies, and Blinkit quick commerce .
Blinkit has officially outpaced Zomato in revenue. In Q2 FY26, Enternal's quick commerce segment (Blinkit) skyrocketed 312% quarter on quarter and 756% year on year, surpassing its core food delivery (Zomato) revenue for the first time.
Deepinder Goyal is our Founder and is the Managing Director and the Chief Executive Officer of our Company. He holds an integrated master's degree of technology in mathematics and computing from the Indian Institute of Technology, Delhi. Prior to founding Zomato, he worked with Bain and Company.
In FY25, Zepto's revenue more than doubled to ₹9,668.8 crore, growing 129% year-on-year from ₹4,223.9 crore in FY24. That makes it one of the fastest-growing consumer internet companies in India. But there's a flip side. Its net losses ballooned 177% to ₹3,367.3 crore, up from ₹1,214.7 crore last year.