In Fresh Tax Trouble, Paytm Gets Notice Of INR 3.73 Cr

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Paytm parent One97 Communications has received a goods and service tax (GST) demand notice of INR 3.73 Cr from the Central Goods and Service Tax (CGST) department.

The notice, received yesterday (February 4), demands a GST of INR 3,73,67,581, which will be marked up with a penalty of INR 3.73 Cr, along with the applicable interest, bringing the total up to INR 7.47 Cr, as per the company’s filing.

One97 Communications has received the tax order for the financial year 2017-18 under Section 74 of the Goods and Services Tax Act, 2017.

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In Fresh Tax Trouble, Paytm Gets Notice Of INR 3.73 Cr


Paytm parent One97 Communications has received a goods and service tax (GST) demand notice of INR 3.73 Cr from the Central Goods and Service Tax (CGST) department.

The notice, received yesterday (February 4), demands a GST of INR 3,73,67,581, which will be marked up with a penalty of INR 3.73 Cr, along with the applicable interest, bringing the total up to INR 7.47 Cr, as per the company’s filing.

One97 Communications has received the tax order for the financial year 2017-18 under Section 74 of the Goods and Services Tax Act, 2017.

The…



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.

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