India, Feb. 5 -- Paytm parent One97 Communications has received a goods and service tax (GST) demand notice of INR 3.73 Cr from the Central Goods and Service Tax (CGST) department.

The notice, received yesterday (February 4), demands a GST of INR 3,73,67,581, which will be marked up with a penalty of INR 3.73 Cr, along with the applicable interest, bringing the total up to INR 7.47 Cr, as per the company's filing.

One97 Communications has received the tax order for the financial year 2017-18 under Section 74 of the Goods and Services Tax Act, 2017.

The demand order has been received in respect of alleged wrong input tax credit availment by the company, the filing added.

"Based on its assessment and expert advice, the company believes ...