SUMMARY

Delhivery has received an order from the West Bengal Goods and Services Tax (GST) department, asking it to pay INR 5.35 Cr tax amount

The company said that the order has been passed under subsection 73 of the West Bengal GST Act, 2017, read with section 20 of the IGST Act, 2017, for FY21

Besides the tax amount, Delhivery has been asked to pay interest and a penalty of INR 53.57 Lakh

Logistics giant Delhivery has received an order from the West Bengal Goods and Services Tax (GST) department, asking it to pay INR 5.35 Cr tax amount.

In an exchange filing, the company said that the order has been passed under subsection 73 of the West Bengal GST Act, 2017, read with section 20 of the IGST Act, 2017, for FY21. Besides the tax amount, Delhivery has been asked to pay interest and a penalty of INR 53.57 Lakh.

The order cited disallowance of input tax credit (ITC) due to multiple reasons, including short ITC reversal under Rule 42/43, ITC disallowed from suppliers whose GST registration was cancelled retrospectively and from suppliers who failed to file their GSTR-3B returns.

The company said that the tax demand would not have a material impact on its financials or operations. “The company will be filing an appeal against the order with the appellate authority. There is no material impact on financials, operations or other activities of the company,” it said.

Founded in 2011 by Sahil Barua, Mohit Tandon, Bhavesh Manglani, Suraj Saharan and Kapil Bharati, Delhivery is a transportation, supply chain and logistics company. It competes against the likes of Xpressbees, Blue Dart, Flipkart’s Ekart Logistics and Amazon Shipping.

Its net profit surged 114% year-on-year (YoY) to INR 25 Cr in the December quarter of the financial year ending March 2025 (Q3 FY25), marking its third consecutive profitable quarter. The company’s total revenue, including other income, stood at INR 2,476.96 Cr.

Recently, Delhivery also announced key leadership changes. It appointed former Airtel executive Vani Venkatesh as its chief business officer. Besides, it onboarded boAt cofounder Sameer Mehta as a non-executive, independent director and Emcure Pharmaceuticals’ Namita Thapar as an independent director.

The latest development comes at a time when a number of listed new-age tech companies have been receiving tax demands. Earlier on Wednesday (February 26), Telangana GST authorities slapped a penalty of INR 2.6 Cr on Zaggle.

Earlier this week, travel tech major EaseMytrip received a penalty notice of INR 17.35 Lakh for violating GST norms. BlackBuck received two tax demands totalling INR 14.2 Cr.

Shares of Delhivery ended Tuesday’s (February 25) trading session 3.85% lower at INR 262 on the BSE.

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