Paytm, its CEO fined with GST penalty over alleged non-compliance

Fintech firm Paytm and its chief executive officer (CEO) Vijay Shekhar Sharma have been fined by the Central Goods and Services Tax (CGST) Department over alleged non-compliance in the issuance of tax invoices by the company to its customers.

One97 Communications, which operates the Paytm brand, was fined Rs 1.19 crore in relation to the penalty, while Sharma was fined Rs 59.94 lakh.