Infibeam Receives INR 32 Cr GST Penalty Notice

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SUMMARY

The GST officials disallowed certain GST exemptions claimed by the company on debit/credit card transactions, up to INR 2,000, between July 2017 and March 2024

Infibeam Avenues believes that the demand is not “maintainable” and is evaluating all options including filing an application for the rectification of the said order

Infibeam Avenues reported a near 50% jump in its consolidated PAT to INR 64.4 Cr in Q3 FY25 while operating revenue rose 18% YoY to INR 1,070.3 Cr

Fintech company Infibeam Avenues has received…



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Infibeam Receives INR 32 Cr GST Penalty Notice


SUMMARY

The GST officials disallowed certain GST exemptions claimed by the company on debit/credit card transactions, up to INR 2,000, between July 2017 and March 2024

Infibeam Avenues believes that the demand is not “maintainable” and is evaluating all options including filing an application for the rectification of the said order

Infibeam Avenues reported a near 50% jump in its consolidated PAT to INR 64.4 Cr in Q3 FY25 while operating revenue rose 18% YoY to INR 1,070.3 Cr

Fintech company Infibeam Avenues has received…



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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