Regulatory14 Oct 2026 · Wed 6:18 AM
PAYTMOne 97 Communications (Paytm)
GST demand on Paytm's First Games Technology cut from ₹5,712 crore to ₹703.66 crore
An order from the Additional Commissioner of CGST, Noida, has reduced the GST demand on One 97 Communications' subsidiary First Games Technology to ₹703.66 crore from the ₹5,712 crore proposed.
- Sector
- Fintech
What happened
- The Additional Commissioner of CGST, Noida, issued a demand order cutting First Games Technology's liability to ₹703.66 crore from ₹5,712 crore, according to Sahi. The period covered is April 2018 to March 2023.
- Sahi said the final liability also includes penalties and interest on top of the ₹703.66 crore, and that First Games is assessing statutory legal remedies.
- Sahi reported no financial impact on One 97 Communications, because the parent had already written down First Games' carrying value to nil.
- ScanX's round-up carried the same reduction. The shares closed at ₹1,715 on Tuesday, up 1.48%, per Zerodha Kite.
Why it matters
The order puts the base demand at ₹703.66 crore against the ₹5,712 crore figure, and Sahi reports no financial impact on the parent.
Good to know: A carrying value is the amount at which an asset, here the parent's investment in First Games, is held on the books. Writing it down to nil means the parent has no balance-sheet value left to lose on it.
Key facts
- Demand now
- ₹703.66 crore (₹5,712 crore proposed)
- Period
- April 2018 to March 2023
- Issued by
- Additional Commissioner of CGST, Noida (per Sahi)
- Penalties and interest
- Additional to the base demand (per Sahi)
Read the source
This is a summary of public news about One 97 Communications (Paytm), for information only. It is not a recommendation to buy, sell or hold PAYTM.
One 97 Communications (Paytm) in the news before
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