India, Feb. 4 -- Delhi goods and services tax (GST) authorities have slapped a fine of INR 59.94 Lakh on Paytm founder and CEO Vijay Shekhar Sharma.

In an exchange filing, the fintech major said that the Joint Commissioner of Adjudication, CGST Delhi North, has also imposed an additional penalty of INR 1.19 Cr on its parent One97 Communications for flouting tax norms

Cumulatively, the company and its top executive have been fined nearly INR 1.8 Cr for alleged non-compliance in issuance of tax invoices by the company to its customers. The order, dated February 3, 2025, pertains to alleged violations during financial years 2020-21 (FY21), FY22 and FY23.

The fintech major now plans to appeal against the order. Paytm also said that the pen...