New Delhi, March 9 E-commerce firm Meesho has received a tax demand notice of approximately Rs 1,500 crore, including interest, which the company plans to challenge, according to a recent company filing.
Meesho received the notice on March 6 for the assessment year 2023-24.
"The Assessment Unit of the Income Tax Department has raised a tax demand amounting to Rs 14,99,73,82,840, including applicable interest," the filing said.
The filing stated that the demand order is based on certain additions and adjustments to the income reported by the company.
"The company is currently evaluating the Assessment Order and does not agree with the observations and adjustments made in the Assessment Order. The company believes that it has adequate legal and factual grounds to challenge it and is taking necessary steps to protect its interests," Meesho said.
The e-commerce firm also stated that a similar demand order was issued for the assessment year 2022-23, which it detailed in the prospectus filed on December 5, 2025.
"As indicated therein, the High Court of Karnataka, by an order dated April 17, 2025, granted an interim stay on such demand notice, and the matter is currently pending," the filing said.
"The Assessment Order along with the Demand Notice does not have any major adverse impact on the company's financial position, operations, or other activities," the filing said.
The company reported a widening of loss to Rs 490.6 crore for the third quarter ended December 2025, mainly due to a significant increase in expenses during the festive season.
The company had reported a loss of Rs 37.43 crore in the previous year.
Meesho's expenses increased by about 44 per cent during the quarter, especially in the category of "other expenses", which has been a significant portion of the total spending across the reported period.
The e-commerce firm posted expenses of close to Rs 4,071 crore during the quarter, of which "other expenses" stood at Rs 3,821.3 crore, or about 94 per cent of the total during the reported quarter.
Meesho posted a 31 per cent increase in revenue from operations to Rs 3,517.5 crore during the quarter from Rs 2,678.64 crore in the December 2024 quarter.
