Matrimony.com Ltd Addresses GST Penalties and Impact on Operations
Matrimony.com Ltd provided details regarding penalties levied by the Goods and Services Tax (GST) department across various states. The company noted that the delay in communicating these orders was due to internal evaluations, including obtaining expert opinions, to finalize the necessary course of action before submission to the stock exchanges.The financial impact related to these demands was provided in a detailed table summarizing the findings from four different authorities.
| Name of the Authority | State/Location | Nature of Penalty/Order | Penalty Amount | Date of Order Receipt |
|---|---|---|---|---|
| Commercial Tax Officer, GST department | Chennai, Tamil Nadu | Section 74 penalty | Rs.8,52,92,825/- | 30.03.2026 |
| Assistance Commissioner, GST Department | Bengaluru, Karnataka | Section 74 penalty | Rs. 55,62,436/- | 18.02.2026 |
| State Tax Officer | Ernakulam, Kerala | Section 74 penalty | Rs. 41,79,583. | 30.03.2026 |
| Superintendent, GST Department | Mumbai, Maharashtra | Section 74 penalty | Rs. 73,56,871 | 27.03.2026 |
The violations cited by the respective authorities included issues like excess distribution of Common input services under ISD and ineligible ITC under ISD.
The company stated that for each demand order, which pertains to periods ranging from April 2019 to March 2023, there is no material impact on the financials, operations, or other activities of Matrimony.com Ltd. Matrimony.com Ltd also maintained that it has a strong case on merits, basing this belief on expert opinion, suggesting the demand is without legal justification and may be set aside by an appellate authority. The company confirmed that it is pursuing appropriate legal recourse in the matter.
MATRIMONY Stock Price Movement
Shares of Matrimony.Com Limited are edging higher to ₹432.85 as of 1:02 PM today, having gained 1.29% in live trading. The stock is seeing active buying interest, supported by a total traded volume of 4,464 shares.Source:
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