.png){kind=logo}
Meesho Limited, a Bengaluru-based e-commerce platform, has received a tax demand of nearly Rs. 1,500 crore. The company said in a regulatory filing on Friday that the Income Tax Department issued the order for the assessment year 2023–24.
The assessment order and the demand notice under Section 156 resulted in a tax of Rs. 1,499.73 crore, which included principal and interest. The tax department Assessment Unit issued the order on March 5, 2026, and the company received it a day later.
The demand follows additions and adjustments made by tax authorities while assessing the company’s reported income for the financial year relevant to AY24. According to the regulatory filing, the assessment unit recalculated portions of the income declared by the company during the review process.
However, Meesho has disputed the findings. The company said it does not agree with the observations and adjustments mentioned in the assessment order.
In its filing, Meesho informed that it is currently evaluating the order and believes it has sufficient legal and factual grounds to challenge the demand. The company added that it will use appropriate legal measures.
Also Read: Meesho IPO Listing: Shares Surge Over 5% After Stellar Market Debut at 46% Premium
This is not the first time the company has faced such a demand. Meesho received a similar tax notice for the assessment year 2022–23.
The Karnataka High Court is currently handling the legal proceedings in that case. The court issued an interim stay on the previous demand order in April 2025, pausing any enforcement until the legal proceedings end.
The company disclosed information about its previous dispute through its prospectus, submitted in December 2025, before its public listing.
Meesho has expanded quickly by enabling small sellers, resellers, and entrepreneurs to reach online buyers. The company has built a strong presence in tier-2 and smaller cities, targeting value-focused consumers across India.
Despite the size of the demand, Meesho said the assessment order does not currently have any material impact on its financial position or operations.
The disclosure was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), which requires listed companies to inform stock exchanges about material regulatory developments.
