Date: October 01, 2026

Regulatory Compliance Disclosure

Yatra Online Limited and its wholly-owned subsidiary, Globe ALL India Services Limited, have received Show Cause Notices (SCNs) from GST authorities for the financial year 2022-23.

Show Cause Notice Details - Yatra Online Limited

Authority: Deputy Commissioner of State Tax, Mumbai, South East, Mumbai Audit I_504, Maharashtra

Notice Details:

  • Reference No.: ZD270926188861M
  • Date: September 30, 2026
  • Form: GST DRC-01
  • Legal Basis: Section 73 of Central GST Act, 2017; Maharashtra GST Act, 2017; Section 20 of Integrated GST Act, 2017

Financial Implications:

  • Tax Demand: ₹21.36 crore
  • Interest: ₹16.98 crore
  • Penalty: ₹1.52 crore
  • Total Potential Liability: ₹39.86 crore

Allegations:

  • Certain receipts reflected in bank statements treated as taxable turnover (company claims these were facilitator payments to hotels)
  • GST on alleged commission income computed on presumptive basis
  • Reconciliation-based allegations including credit notes, input tax credit reconciliations
  • Differences between GST returns, fixed asset disposals, and cancellation charges

Show Cause Notice Details - Globe ALL India Services Limited

Authority: Deputy Commissioner of Commercial Taxes (Audit)-1.9, DGSTO-01, Bengaluru

Notice Details:

  • Reference No.: ZD290926229357R
  • Date of Receipt: September 23, 2026
  • Form: GST DRC-01
  • Legal Basis: Section 73 of Central GST Act, 2017; Karnataka GST Act, 2017; Section 20 of Integrated GST Act, 2017

Financial Implications:

  • Tax Demand: ₹18.53 crore
  • Interest: ₹11.42 crore
  • Penalty: ₹1.85 crore
  • Total Potential Liability: ₹30.80 crore

Allegations:

  • Treatment of trade receivables as outward supplies
  • Non-reversal of Input Tax Credit (ITC) under Section 16(2)
  • Mismatch of turnover basis TDS (GSTR-7) records

Company Response and Status

Current Status: Both matters are at SCN stage only

Company Position:

  • Both companies firmly believe they have reasonable legal and factual grounds
  • No aberrations/non-compliances identified by authorities
  • No penalties or restrictions imposed currently

Actions Taken:

  • Companies are preparing detailed responses to be submitted within one month of notice issuance
  • Responses will include relevant supporting documents and reconciliations

Additional Information

Regulatory Compliance: This intimation is made under Regulation 30(13) read with Schedule III of SEBI LODR Regulations

Document Availability: The intimation is uploaded on the company's website at www.yatra.com

Certification: The information provided is certified as true, correct and complete to the best of the company's knowledge