GST 2.0 had a ‘slight’ negative impact on growth of food delivery business: Eternal CFO

Eternal, the parent company of Zomato and Blinkit, said the recent changes in the Goods & Service Tax (GST) rate structure had a negative impact on the delivery charge collected from customers ordering food. It may be noted that now under Section 9(5) of the CGST Act, e-commerce operators such as Zomato or Swiggy are responsible for collecting and paying GST, rather than the restaurant.