NSEGeneral Updates1d ago · 1 Oct 2026, 08:27 pm
General Updates
Yatra Online Limited · YATRA
✦ AI Summary▼ NegativeRegulatory
Yatra Online Limited has received Show Cause Notices from the Deputy Commissioner of State Tax, Mumbai, and Deputy Commissioner of Commercial Taxes (Audit)-1.9, DGSTO-01, Bengaluru, for the financial year 2022-23, related to tax demands and penalties.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern2/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment2/10
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Yatra Online Limited has informed the Exchange about General Updates
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YATRA2022_01102026202659_Intimation_SCN_01-10-2026.pdf
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CIN NO: L63040DL2005PLC463461
October 01, 2026
Listing Manager, Manager - CRD
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1 Block G Phiroze Jeejeebhoy Towers
Bandra Kurla Complex, Bandra (E) Dalal Street,
Mumbai – 400051, India Mumbai – 400001, India
Symbol: YATRA Scrip Code: 543992
ISIN No.: INE0JR601024 ISIN No.: INE0JR601024
Sub: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI LODR”)
Dear Sir/Madam,
This is to inform you that Yatra Online Limited and its wholly-owned subsidiary, Globe ALL India
Services Limited, have received Show Cause Notices (“SCNs”) as detailed below:
Yatra Online Limited: Received SCN issued by the Deputy Commissioner of State Tax, Mumbai,
South East, Mumbai Audit I_504, Maharashtra for the financial year 2022-23.
Globe ALL India Services Limited: Received SCN issued by Deputy Commissioner of
Commercial Taxes (Audit)-1.9, DGSTO-01, Bengaluru, for the financial year 2022-23.
The details as required under Regulation 30(13) read with Schedule III of the Listing Regulations, SEBI
Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and the
Industry Standards Note on Regulation 30 are provided in the Annexures I & II enclosed.
We further state and declare that the information and details provided in the Annexures I & II, in
compliance with Regulation 30(13) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI LODR”), are true, correct and complete to the best of our knowledge and
belief.
This intimation is also being uploaded on the Company’s website at www.yatra.com.
We request you to take the same on record.
Thanking You,
Yours sincerely,
For Yatra Online Limited
Jyoti Chawla
Company Secretary and Compliance Officer
M. No. A20392
Encl: As above.
CIN NO: L63040DL2005PLC463461
Annexure-I
Disclosure regarding receipt of communication from regulatory, statutory, enforcement or judicial
authority under the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
S. No. Particulars Description
1 Name of the Listed Company Yatra Online Limited
2 Type of communication received Show Cause Notice(“SCN”)
3 Date of receipt of 30th September 2026
communication
4 Authority from whom Deputy Commissioner of State Tax, Mumbai, South_
communication received East, Mumbai Audit I_504, Maharashtra
5 Brief summary of the material The Company has received a Show Cause Notice in
contents of the communication Form GST DRC-01 bearing reference no.
received, including reasons for ZD270926188861M, dated 30 September 2026 for FY
receipt of the communication 2022-23, issued under Section 73 of the Central Goods
and Services Tax Act, 2017 the Maharashtra Goods
and Services Tax Act, 2017, read with Section 20 of the
Integrated Goods and Services Tax Act, 2017.
The SCN proposes a tax demand of INR 21.36 crore,
along with interest amounting to INR 16.98 crore and
penalty amounting to INR 1.52 crore.
The primary allegation relates to certain receipts
reflected in the Company's bank statements, which the
Department has sought to treat as taxable turnover
notwithstanding the Company’s position that the
amounts were received as a facilitator for onward
payment to hotels. The Department has also proposed
GST on alleged commission income computed on a
presumptive basis in respect of certain transactions.
The SCN also includes certain reconciliation-based
allegations relating to, inter alia, credit notes, input tax
credit reconciliations, differences between GST
returns, fixed asset disposals and cancellation charges.
The Company shall submit a detailed response to the
Impugned SCN within one month of the issuance of
notice.
6 Period for which communication FY 2022-23
would be applicable, if stated
7 Expected financial implications The matter is only at the SCN stage, and the Company
on the listed firmly believes that it has reasonable legal and factual
company, if any grounds in this matter and will be taking necessary
actions to defend its case before the appropriate
authorities.
8 Details of any aberrations/ non No
compliances identified by the
authority in the communication
9 Details of any penalty or N.A.
restriction or sanction imposed
pursuant to the communication
CIN NO: L63040DL2005PLC463461
10 Action(s) taken by listed The Company is in the process of preparing a detailed
company with respect to the response to the SCN and intends to submit the same
communication within the prescribed timeline, along with the relevant
supporting documents and reconciliations.
11 Any other relevant information N.A.
CIN NO: L63040DL2005PLC463461
Annexure-II
Disclosure regarding receipt of communication from regulatory, statutory, enforcement or judicial
authority under the Securities and Exchange Board of India (Listing Obligations and Disclosure
Requirements) Regulations, 2015
S. No. Particulars Description
1 Name of the Listed Company Yatra Online Limited (“YOL”)
(Globe All India Services Ltd - 100% subsidiary YOL)
2 Type of communication received Show Cause Notice (“SCN”)
3 Date of receipt of 23rd September 2026
communication
4 Authority from whom Deputy Commissioner of Commercial Taxes (Audit)-
communication received 1.9, DGSTO-01, Bengaluru.
5 Brief summary of the material The Company has received a Show Cause Notice in
contents of the communication Form GST DRC-01 bearing reference no.
received, including reasons for ZD290926229357R dated 23 September 2026 for FY
receipt of the communication 22-23, issued under Section 73 of the Central Goods
and Services Tax Act, 2017 the Karnataka Goods and
Services Tax Act, 2017, read with Section 20 of the
Integrated Goods and Services Tax Act, 2017.
The Show Cause Notice proposes a tax demand of INR
18.53 Crore, along with Interest amounting to INR 11.42
Crore and Penalty amounting to INR 1.85 Crore.
The primary allegations relate to treatment of trade
receivables as outward supplies, non-reversal of Input
Tax Credit (ITC) under Section 16(2) and mismatch of
turnover basis TDS (GSTR-7) records.
The Company shall submit a detailed response to the
Impugned SCN within one month of the issuance of
notice.
6 Period for which communication FY 2022-23
would be applicable, if stated
7 Expected financial implications The matter is only at the SCN stage, and the Company
on the listed firmly believes that it has reasonable legal and factual
company, if any grounds in this matter and will be taking necessary
actions to defend its case before the appropriate
authorities.
8 Details of any aberrations/ non No
compliances identified by the
authority in the communication
9 Details of any penalty or N.A
restriction or sanction imposed
pursuant to the communication
10 Action(s) taken by listed The Company is in the process of preparing a detailed
company with respect to the response to the SCN and intends to submit the same
communication within the prescribed timeline, along with the relevant
supporting documents and reconciliations.
11 Any other relevant information N.A.