Meesho has denied allegations concerning its Goods and Services Tax (GST) treatment, following reports that proxy advisory firm InGovern had asked the Securities and Exchange Board of India (SEBI) to review the company’s tax practices. The e-commerce platform clarified that it has not received any notice or communication from SEBI or any other regulatory body.
The controversy emerged after ET Now reported that InGovern raised concerns about Meesho’s GST treatment. The representation to SEBI reportedly highlighted potential financial, disclosure, and regulatory risks linked to the company’s tax position. However, there is no confirmation that SEBI has initiated an investigation or requested clarification from Meesho.
A Meesho spokesperson stated, “Meesho rejects the claims in this representation, which reflects no finding by SEBI or any tax authority. We have not received any communication from SEBI or any regulator on this matter.” The spokesperson added that the company remains confident in its tax position, asserting that its GST treatment complies with the existing legal framework and that it continues to meet all disclosure requirements.
Meesho also questioned the authenticity of the documents attached to the representation. According to the company, the sample invoice included in the complaint appears to belong to an Amazon employee whose LinkedIn profile identifies the person as a finance manager. This raises questions about the credibility of the supporting material.
The issue arises at a time when Meesho is already contesting a separate GST demand of Rs. 14.29 crore. Despite the latest allegations, the company reiterated that it has received no communication from any regulator. SEBI has not yet issued any public statement on the matter.