Just Dial has announced that it will review its third quarter financial results on January 13. The e-commerce and app-based aggregator company has scheduled this review session to present its quarterly performance to stakeholders.

Scheduled Results Review

The company has set January 13 as the date for reviewing its Q3 financial results. This scheduled review will provide stakeholders with insights into Just Dial's performance during the third quarter period.

Company Overview

Just Dial operates in the e-commerce and app-based aggregator sector, providing digital platform services to connect businesses with consumers. The upcoming results review will offer visibility into how the company has performed in its core business segments during the quarter.

Stakeholders and investors will be looking forward to the January 13 review session to understand the company's financial position and operational performance for the third quarter.

Just Dial Limited has received a significant GST penalty order from tax authorities in Mumbai, marking a substantial regulatory development for the digital services platform. The company disclosed this information under Regulation 30 of SEBI's listing requirements.

GST Penalty Details

The Assistant Commissioner of State Tax, Mazgaon, Mumbai, issued an order imposing penalties and demands on Just Dial Limited. The order addresses alleged irregularities in the company's GST compliance during FY 2018-19.

Nature of Alleged Violation

The penalty order stems from allegations of excess availment of input tax credit by the company on common services during the financial year 2018-19. The order was issued under Section 74 of both the Central Goods and Services Tax Act, 2017 and the Maharashtra Goods and Services Tax Act, 2017.

Company's Response and Impact

Just Dial Limited has not announced any intention to appeal the order. The total financial exposure, including penalty, additional tax, and interest, amounts to ₹15.21 crore.

Regulatory Context

This penalty order represents a significant regulatory matter for Just Dial Limited. The company has fulfilled its disclosure obligations under SEBI regulations by promptly informing stakeholders about this material development.

The impact of this penalty on Just Dial's operations and financial position remains to be seen, and stakeholders will likely be watching closely for any further developments or responses from the company.