Yatra Online & Subsidiary Receive GST Show Cause Notices Totaling ₹21.36 Cr
Yatra Online Limited and its wholly-owned subsidiary, Globe All India Services Limited, have received Show Cause Notices (SCNs) from tax authorities for the financial year 2022-23. Yatra Online received an SCN from the Deputy Commissioner of State Tax, Mumbai, proposing a tax demand of ₹21.36 crore, along with interest of ₹16.98 crore and penalty of ₹1.52 crore. The allegations relate to receipts treated as taxable turnover and proposed GST on commission income. Globe All India Services Limited also received an SCN from the Deputy Commissioner of Commercial Taxes, Bengaluru. The company stated it has reasonable grounds to defend its case and will submit a detailed response within the stipulated timeline.
Key Highlights
- Yatra Online and subsidiary received GST Show Cause Notices.
- Yatra's SCN proposes ₹21.36 Cr tax demand, ₹16.98 Cr interest, ₹1.52 Cr penalty.
- Allegations concern taxable turnover treatment and commission income.
- Company believes it has strong grounds to defend its case.
- Detailed response to be submitted within one month.
Price Impact
More from YATRA