Easy Trip Planners Limited has received a Show-Cause cum Demand Notice (SCN) from the Directorate General of Goods & Services Tax Intelligence proposing a penalty of approximately ₹67.41 crore. The notice pertains to the alleged non-collection of Tax Collection at Source (TCS) under Section 52 of the CGST Act, 2017. The company is currently examining the SCN and will pursue applicable legal remedies, expecting no immediate financial or operational impact.
Show-Cause Notice Received
Easy Trip Planners Limited has been served a Show-Cause cum Demand Notice (SCN) dated November 02, 2026, from the Office of the Directorate General of Goods & Services Tax Intelligence, Mumbai Zonal Unit. The notice is issued pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Nature of Allegations and Proposed Penalty
The SCN alleges non-compliance with the obligation of Tax Collection at Source (TCS) under Section 52 of the CGST Act, 2017. While the notice does not raise any demand for underlying GST or interest, it proposes a penalty of approximately ₹67.41 crore in relation to the alleged non-collection of TCS. The company emphasizes that this proposed penalty is at the show-cause stage and does not represent an adjudicated demand or crystallized liability.
Company’s Response and Outlook
Easy Trip Planners is diligently examining the SCN in detail and is committed to pursuing applicable legal remedies. The company anticipates no immediate financial or operational impact as a consequence of this notice. The detailed requirements under Regulation 30 of the Listing Regulations, along with details required under Clause 19 of Para A of Part A of Schedule III of the SEBI Listing Regulations, are enclosed as an annexure to this disclosure.
Source: BSE
