Legal7 April 2026 at 07:31 am
Matrimony.com Ltd Faces GST Penalties Totaling Over INR 9.7 Crores
AI Summary
Matrimony.com Ltd, a leading online matchmaking service provider, has disclosed receiving orders from the GST department from different states, imposing penalties amounting to over INR 9.7 crores. The company, in its response to the stock exchange, stated that it was evaluating the impact and finalizing the course of action, which led to the delay in communicating the order. The penalties are related to blocked ITC under Section 17(5) of the CGST Act, 2017, excess distribution of common input services under ISD, and general penalty for not maintaining proper books of accounts. The company believes it has a strong case and is pursuing appropriate legal recourse.
Key Highlights
- Matrimony.com Ltd faces penalties totaling over INR 9.7 crores from GST department
- Penalties relate to blocked ITC under Section 17(5) of the CGST Act, 2017, excess distribution of common input services under ISD, and general penalty for not maintaining proper books of accounts
- Company evaluating the impact and finalizing the course of action
- Matrimony.com believes it has a strong case and is pursuing appropriate legal recourse
- No material impact on financials or operations due to the order