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FinTech

Paytm Parent Slapped With INR 1.19 Cr GST Penalty


SUMMARY

The CGST department has imposed penalties worth INR 1.19 Cr on One97 Communications and INR 59.94 Lakh on its CEO for non-compliance in tax invoice issuance

The company’s revenue declined 36% YoY to INR 1,827.8 Cr in Q3 FY25, while net loss narrowed to INR 208.5 Cr

This development comes after Paytm posted a profit of INR 930 Cr in Q2 FY25, driven by the sale of its ticketing business to Zomato

The Central Goods and Services Tax (CGST) department has slapped a penalty of INR 1.19 Cr on Paytm parent One97…



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