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.

Analysis Scores

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.