EaseMyTrip gets GST Penalty Notice of Rs.17 Lakh for violating GST Norms:

EaseMyTrip gets GST Penalty Notice of Rs.17 Lakh for violating GST Norms Easemytrip, a leading travel technology company, has got a Rs.17.35 lakh penalty notice for allegedly violating Goods and Services Tax (GST) rules. "It is hereby informed that the company has received an order dated February 24, 2025, from the Sales Tax Officer Class II/AVATO Delhi, State/UT: Delhi," according to the company's filing. According to the State and Central GST authorities, the listed company has availed ineligible input tax credit (ITC) for the financial year 2020-21, creating a mismatch in the company’s GST liability when comparing its GSTR-3B and GSTR-9 returns. The penalty has been imposed on EMT under the provisions of the Delhi Goods and Services Act 2017, the Central Goods and Service Tax Act 2017, and the Integrated Goods and Service Tax Act 2017. EaseMyTrip stated that the penalty will have no "material impact" on its operations or finances. The company intends to appeal the order in the appropriate appellate forum, claiming that it complies with all applicable tax requirements. The notice comes a day after the company won the Madhya Pradesh government's first intercity electric bus tender through its subsidiaries, YoloBus and Easy Green Mobility, to operate intercity electric buses in Madhya Pradesh. The company intends to deploy 500 buses in 2025, increasing to 1,000 buses by 2026. Earlier this month, EaseMyTrip launched a totally owned subsidiary, Easy Trip Planners Do Brasil Ltda, in Brazil. The listed travel tech company's top management is currently in flux after its former CEO, Nishant Pitti, stepped down from his position last month. Prior to his resignation, Pitti diminished his shareholding in the firm by 1.41%, or 5 crore shares.