GST Department Upholds ₹37 Cr Tax Demand Against Pine Labs

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SUMMARY

The dues include non-payment of GST worth almost ₹14.9 Cr, on which accrued interest has climbed to almost ₹20.9 Cr

The GST demand pertains to Pine Labs’ acquisition of digital gift card company Qwikcilver Solutions Private Limited in 2019

Pine Labs is in the process of filing an appeal against the order before the Customs, Excise And Service Tax Appellate Tribunal

The GST department has upheld a tax demand of ₹37.33 Cr against listed fintech major Pine Labs for…



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GST Department Upholds ₹37 Cr Tax Demand Against Pine Labs


SUMMARY

The dues include non-payment of GST worth almost ₹14.9 Cr, on which accrued interest has climbed to almost ₹20.9 Cr

The GST demand pertains to Pine Labs’ acquisition of digital gift card company Qwikcilver Solutions Private Limited in 2019

Pine Labs is in the process of filing an appeal against the order before the Customs, Excise And Service Tax Appellate Tribunal

The GST department has upheld a tax demand of ₹37.33 Cr against listed fintech major Pine Labs for…



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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