Now Reading: Meesho tax demand triples to Rs 2,072 crore in FY26
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Meesho tax demand triples to Rs 2,072 crore in FY26
The income tax demand on ecommerce platform Meesho has surged to Rs 2,072 crore in financial year 2025-26, more than three times the original notice. Tax authorities had initially raised a demand…
The income tax demand on ecommerce platform Meesho has surged to Rs 2,072 crore in financial year 2025-26, more than three times the original notice. Tax authorities had initially raised a demand of over Rs 572 crore in FY25, which the company challenged in court and secured a stay.
The revised figure reflects additional assessments by the Income Tax department across multiple fiscal years. Meesho has contested the original demand in the Delhi High Court and obtained an interim stay. The company is expected to seek similar relief for the new demand notice.
Indian Opinion Analysis
Meesho's tax liability has ballooned because the I-T department can reopen past assessments when it finds new evidence of income suppression, especially in high-volume ecommerce platforms where seller-vs-marketplace classification is often disputed. The original Rs 572 crore demand was for alleged under-reporting of commission income from vendors, a common flashpoint as regulators tighten scrutiny of platform economy players. The company now faces a total demand of Rs 2,072 crore after fresh notices covering multiple assessment years. The Delhi High Court issued the stay on the first notice, and Meesho will likely seek similar protection for the new demands. The next hearing date will determine whether the company must provision for this amount in its books, which could pressure its path to profitability.
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
