Meesho Receives Rs 1,500 Crore Tax Demand
Analysis based on 7 articles · First reported Mar 07, 2026 · Last updated Mar 09, 2026
The market impact on Meesho is negative due to the significant tax demand, which could affect its financial position and investor confidence. However, the company's intention to contest the demand and a previous interim stay by the India===Karnataka High Court might mitigate some of the negative sentiment.
E-commerce firm Meesho has received an income tax demand notice of approximately Rs 1,500 crore, including interest, from the India===Income-tax Department for the assessment year 2023-24. Meesho plans to contest this demand, stating it has adequate legal and factual grounds. A similar demand for AY 2022-23 was previously issued, on which the India===Karnataka High Court granted an interim stay. This tax notice comes as Meesho reported a widened loss of Rs 490.6 crore for the third quarter, despite a 31% increase in revenue from operations. The company asserts that the current demand order will not have a major adverse impact on its financial position or operations.
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