Finclusion
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog
No Result
View All Result
Paytm
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog
No Result
View All Result
Finclusion
No Result
View All Result
Paytm GST dispute

Allahabad High court issues stay order for Paytm’s GST Dispute

April 7, 2023
in Fact Check
410 12
0
Share on FacebookShare on Twitter

The Allahabad High Court has granted a significant relief to Paytm, as it stays an INR 1,081 crore demand notice for Goods and Services Tax (GST) that was issued to the company. The court has ordered the demand notice to be put on hold until further information is disclosed. 

The GST demand notice, issued by the Central Board of Indirect Taxes and Customs (CBIC), claimed that Paytm had failed to deposit the correct amount of GST for the financial year 2017-2018. Paytm had contested the notice, arguing it lacks justifiable grounds of merit. 

You might also like

Everything You Need to Know about PayTm Ad

Everything You Need to Know about PayTm Ad

August 28, 2023
A Strategic Partnership: Paytm and Shriram Finance Join Forces

A Strategic Partnership: Paytm and Shriram Finance Join Forces

August 28, 2023

In its order, the Allahabad High Court acknowledged that Paytm had raised serious questions about the validity of the demand notice and noted that there were several discrepancies in the calculations made by the CBIC. The court also observed that the demand notice could have serious financial implications for the company and that it was in the interest of justice to stay the notice until a final decision was made.

The stay order is seen as a huge win for Paytm and a testament to its commitment to ensuring that all of its financial transactions comply with the law. The company has been at the forefront of the digital payment revolution in India and has played a vital role in making digital transactions more accessible to the masses.

The case will be heard in the coming weeks, and a final decision is expected to be made soon. Millions of Paytm users will closely monitor the developments in the case and hope for a favourable outcome for the company.

Tags: paytm

Related Stories

Everything You Need to Know about PayTm Ad

Everything You Need to Know about PayTm Ad

by Finclusion
August 28, 2023
0

A strong digital marketing strategy is vital for thriving businesses in today's rapidly digitizing world. With social media marketing, email...

A Strategic Partnership: Paytm and Shriram Finance Join Forces

A Strategic Partnership: Paytm and Shriram Finance Join Forces

by Finclusion
August 28, 2023
0

In a remarkable partnership, Paytm, the leading brand in digital payments, has joined hands with Shriram Finance, a prominent retail...

Paytm's New 'Pin Recent Payments' Feature Easing the UPI Transaction

Paytm’s New ‘Pin Recent Payments’ Feature Easing the UPI Transaction

by Finclusion
August 28, 2023
0

One97 Communications, the proud owner of India's leading payments and financial services brand Paytm, is back with a game-changing feature...

Paytm's Stellar Q1 Update: Empowering Millions in the Fintech Industry

Paytm’s Stellar Q1 Update: Empowering Millions in the Fintech Industry

by Finclusion
August 28, 2023
0

Paytm, a powerhouse in the fintech industry, shines with stellar Q1 results! The fintech giant, One 97 Communications, has recently...

Next Post
how to write a will

Preparing a Will — A Step-By-Step Guide

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finclusion

Quick Links

  • About Us

Follow Us

No Result
View All Result
  • News
  • Explained
  • Fact Check
  • Inclusion
  • Blog

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version