IPO-Bound Pine Labs Faces Tax Demands & Auditor Concerns

Share via:


SUMMARY

IPO-bound fintech major Pine Labs is currently grappling with multiple tax and legal challenges in India, amounting to over INR 300 Cr in GST-related claims, as per its draft red herring prospectus (DRHP)

The most recent development came in February 2025, when the Joint Commissioner in Bangalore upheld a tax demand of INR 214.1 Cr (excluding interest and penalties) raised by GST Intelligence, Mumbai

Apart from GST issues, Pine Labs’ audit reports for FY22, FY23, and FY24 highlight some concerns around internal financial…



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.

Popular

More Like this

IPO-Bound Pine Labs Faces Tax Demands & Auditor Concerns


SUMMARY

IPO-bound fintech major Pine Labs is currently grappling with multiple tax and legal challenges in India, amounting to over INR 300 Cr in GST-related claims, as per its draft red herring prospectus (DRHP)

The most recent development came in February 2025, when the Joint Commissioner in Bangalore upheld a tax demand of INR 214.1 Cr (excluding interest and penalties) raised by GST Intelligence, Mumbai

Apart from GST issues, Pine Labs’ audit reports for FY22, FY23, and FY24 highlight some concerns around internal financial…



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

More like this

watchOS 26 has these hardware requirements for Apple Intelligence

watchOS 26 is the Apple Watch’s next major...

Airtel’s AI System Safeguards 3.5 Mn Users In Delhi

SUMMARY Bharti Airtel said that it has safeguarded 3.5...

Meta hires key OpenAI researcher to work on AI...

Meta has hired a highly influential OpenAI researcher,...

Popular

Upcoming Events

wp plugin free download wp plugin free download wp plugin free download wp plugin free download wp plugin free download wp plugin free download wp plugin free download wp plugin free download wp plugin free download wp plugin free download