IndiGo Challenges Rs 1.27 Crore GST Penalty
IndiGo faces a penalty of over Rs 1.27 crore for GST input tax credit issues, which it plans to contest, deeming the order erroneous. The fine pertains to the July 2017 to March 2018 period. IndiGo asserts it has a strong case, supported by external tax advisors.
- Country:
- India
IndiGo Airlines is set to contest a Rs 1.27 crore penalty imposed for issues related to GST input tax credits.
The airline's parent company, InterGlobe Aviation, reported the penalty in a BSE filing, stating the dispute concerns denied input tax credits for the period from July 2017 to March 2018.
IndiGo argues the ruling is erroneous and plans to challenge it, confident in their case bolstered by guidance from external tax experts. Financial impacts are expected to be minimal as the company readies its appeal to the appropriate authorities.
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