Paytm Parent Slapped With INR 1.19 Cr GST Penalty

Share via:


SUMMARY

The CGST department has imposed penalties worth INR 1.19 Cr on One97 Communications and INR 59.94 Lakh on its CEO for non-compliance in tax invoice issuance

The company’s revenue declined 36% YoY to INR 1,827.8 Cr in Q3 FY25, while net loss narrowed to INR 208.5 Cr

This development comes after Paytm posted a profit of INR 930 Cr in Q2 FY25, driven by the sale of its ticketing business to Zomato

The Central Goods and Services Tax (CGST) department has slapped a penalty of INR 1.19 Cr on Paytm parent One97…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

admin
admin
Hi! This is Admin.

Popular

More Like this

Paytm Parent Slapped With INR 1.19 Cr GST Penalty


SUMMARY

The CGST department has imposed penalties worth INR 1.19 Cr on One97 Communications and INR 59.94 Lakh on its CEO for non-compliance in tax invoice issuance

The company’s revenue declined 36% YoY to INR 1,827.8 Cr in Q3 FY25, while net loss narrowed to INR 208.5 Cr

This development comes after Paytm posted a profit of INR 930 Cr in Q2 FY25, driven by the sale of its ticketing business to Zomato

The Central Goods and Services Tax (CGST) department has slapped a penalty of INR 1.19 Cr on Paytm parent One97…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

admin
admin
Hi! This is Admin.

More like this

HairOriginals Bags $5 Mn To Launch Experience Centres

SUMMARY The funding round was co-led by Anicut Growth...

Charting India’s Rise To Global Stage

SUMMARY The 2025 edition of the India Conference at...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!