Info Edge (India) Limited — Important, 12-02-2025: General Updates

The State Tax Officer has issued an order against Info Edge (India) Limited regarding tax liabilities for FY 2020-21, totaling ₹68.29 lakh (Cr). This amount includes tax liability of ₹37.34 lakh (Cr), interest of ₹27.11 lakh (Cr), and a penalty of ₹3.83 lakh (Cr) due to excess input tax credit claimed, which was not in accordance with GSTR records. The company has received this demand order and intends to appeal. However, the management states that there is no material financial impact or disruption to operations anticipated from this order, suggesting a stable outlook amidst the situation.