Paytm subsidiary GST demand cut to ₹704 crore from ₹5,712 crore
In short
Paytm subsidiary First Games got a GST demand order for ₹704 crore on October 12, 2026, from the Additional Commissioner of CGST in Noida. The demand was cut from ₹5,712 crore, and the order also mentions a penalty and interest.
This matters because the tax bill is much smaller than before. The reporting says there will be no financial impact, but it does not explain how the company reached that view.
What the reporting says
Paytm subsidiary First Games received a GST demand order of ₹704 crore from the Additional Commissioner of CGST, Noida, Uttar Pradesh, on October 12, 2026, down from ₹5,712 crore. The reporting says the order also included an additional penalty equal to the tax liability plus applicable interest, while the company said there would be no financial impact. The immediate issue is a much smaller tax demand, but the final liability is still not fully clear.
Why it matters
First Games, a Paytm subsidiary, received a GST demand order of ₹704 crore on October 12, 2026, from the Additional Commissioner of CGST, Noida, Uttar Pradesh. The order also carries a penalty equal to the tax liability and applicable interest. The reported reduction from ₹5,712 crore limits the immediate tax hit, but the final cash impact is not fully explained in the source.