Pine Labs receives GST tax demand of Rs 37.33 crore

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Fintech major Pine Labs has received a goods and services tax (GST) demand of Rs 37.33 crore in a matter linked to its erstwhile subsidiary Qwikcilver Solutions for the financial year 2019-20.

This follows an appeal order issued by the Office of the Joint Commissioner of Commercial Taxes (Appeals)-4, Bengaluru. Pine Labs plans to file an appeal against the Joint Commissioner’s order before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).

In a stock exchange filing dated February 5, the company said the order was received on February…



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Pine Labs receives GST tax demand of Rs 37.33 crore



Fintech major Pine Labs has received a goods and services tax (GST) demand of Rs 37.33 crore in a matter linked to its erstwhile subsidiary Qwikcilver Solutions for the financial year 2019-20.

This follows an appeal order issued by the Office of the Joint Commissioner of Commercial Taxes (Appeals)-4, Bengaluru. Pine Labs plans to file an appeal against the Joint Commissioner’s order before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT).

In a stock exchange filing dated February 5, the company said the order was received on February…



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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