Route Mobile Faces Tax Demands Totaling 541.2 Million Rupees

Route Mobile Limited has received multiple tax orders, accumulating to a total demand of 541.2 million rupees. The company received a GST demand of 110.8 million rupees from the Deputy Commissioner of CGST, Mumbai-West, for the period July 2017 to March 2019. Additionally, an income tax order from the Commissioner of Income Tax, Appeal, Jaipur, dismissed the company's appeal against a demand of 264.5 million rupees for assessment years 2017-18 and 2020-21. Route Mobile plans to file appeals against these orders within the stipulated time and does not expect any material impact on its financial operations.

 

Source: MarketScreener