Paytm Gets Partial Relief in GST Penalty Over Invoice Delay:

Paytm Gets Partial Relief in GST Penalty Over Invoice Delay The parent company of Paytm, One 97 Communications Limited informed the stock exchanges BSE and NSE on June 24, 2025 about a recent development related to a penalty demand order issued by the Central Goods and Services Tax (CGST) Department. The company shared this updated with the Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. On February 4, 2025 the company disclosed that it got a penalty order on February 3, 2025 from the CGST department. The penalty was issued due to alleged non-compliance with the provisions under the Central Goods and Services Tax Act, 2017. The company filed an appeal against the penalty order. The Commissioner checked the matter properly and sent a revised order on June 18, 2025. Paytm received this order on June 23, 2025. In the new decision, the authority gave partial relief to the company by decreasing the penalty amount. As per the information provided in the Form A, the original penalty on Paytm was Rs. 1,19,39,778, which has been now reduced to Rs. 59,69,889. Also, the penalty amount demanded from the company's CEO has also been reduced from Rs. 59,94,889 to Rs. 59,69,889. This revised penalty will be applicable for the FYs 2020–21, 2021–22 and 2022–23. The CGST department said that the penalty was related to a delay in issuing tax invoices by the company to its customers. The penalty amount is still big but the company clarified that after conducting an internal review and consulting with legal experts, it believes the penalty demand is not justified. Paytm is planning to file a further appeal against the revised order.