MapmyIndia has received a demand order from the Central Goods & Service Tax Department for ₹8.04 crore. The demand pertains to Input Tax Credit (ITC) availed on IPO-related expenses during FY 2021-22. The company plans to contest the order, citing strong legal and factual grounds and maintains it has complied with all applicable GST laws.
GST Demand Details
MapmyIndia has been issued a demand order from the Central Goods & Service Tax Department, Delhi South Commissionerate, totaling ₹8,04,00,748. This amount includes:
- Input Tax Credit recovery of ₹7,30,91,589 (CGST + SGST)
- Applicable interest under section 50
- Penalty of ₹73,09,159
- Additional general penalty of ₹50,000 (₹25,000 each under CGST and SGST)
The communication was received on December 18, 2025.
Basis of the Demand
The demand relates to a GST matter concerning Input Tax Credit (ITC) claimed on IPO-related expenses incurred during the financial year 2021-22. This relates to the company’s listing pursuant to an Offer for Sale (OFS).
Company’s Response
MapmyIndia believes it has strong legal and factual arguments to challenge the findings. The company maintains it has discharged its GST obligations in accordance with the law and the matter primarily involves legal interpretation. The company plans to appeal the order.
Source: BSE