EaseMyTrip Gets Notice of INR 17 Lakh GST Penalty

A penalty notice of INR 17.35 lakh has been issued to travel tech giant Easemytrip for allegedly breaking GST regulations. In a filing, the company stated that it has been notified that it has received an order from the Sales Tax Officer Class II/AVATO Delhi, State/UT: Delhi, dated February 24, 2025. The listed firm has taken advantage of the ineligible input tax credit (ITC) for the fiscal year 2020–21, according to the authority. The Delhi Goods and Services Act of 2017, the Central Goods and Service Tax Act of 2017, and the Integrated Goods and Service Tax Act of 2017 all impose penalties on EMT. In addition, the business plans to challenge the order.

EaseMyTrip’s Order Book and Expansion Spree

The business won the first intercity electric bus tender from the Madhya Pradesh government through its subsidiaries, YoloBus and Easy Green Mobility. By 2026, the business hopes to have 1,000 buses in service, having deployed 500 in 2025. EaseMyTrip also established Easy Trip Planners Do Brasil Ltda, a wholly owned subsidiary, in Brazil earlier this month. Due to a decline in its top line, EaseMyTrip's profit after tax (PAT) dropped by almost 26% to INR 34.02 Cr in the third quarter of FY25 from INR 45.68 Cr in the same quarter last year. Additionally, its operational revenue decreased from INR 160.78 Cr in the same quarter last year to INR 150.56 Cr in the December quarter, a 6% decrease.

On-going Developments in the Firm

Following the resignation of former CEO Nishant Pitti last month, the publicly traded travel technology company has experienced a significant reorganisation in its senior management. Pitti diluted his 1.41% ownership in the firm, or 5 Cr shares, before he resigned. This is not the first time Pitti has sold off company stock. Through several block agreements, he sold 24.65 Cr of the startup's shares in September 2024 for INR 920 Cr. Additionally, the company recently received board clearance to raise INR 234.03 Cr from seven investors through a preferential equity share offering.

About EaseMyTrip

EaseMyTrip.com is one of the biggest online travel agencies in India, having been founded in 2008. The company was founded by brothers Nishant, Rikant, and Prashant with the goal of streamlining operations and using the least amount of cash. It was inspired by their previous business, Duke Travel. Starting out in a tiny room, the firm surmounted obstacles with perseverance and family support to become a strong organisation that guarantees financial stability. By implementing a "no convenience fee" policy and switching to a customer-facing approach in 2011, the brand was able to build a devoted clientele through open pricing and first-rate service.

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StartupTalkyNitin Konde