IndiGo to Challenge Penalties Over Rs 3,50,299 on Input Tax Credit Issues
By: Admin | August 23, 2024 | Categories: GST Recent News | 4 Min Read
IndiGo, India’s largest airline, has announced its intention to challenge two penalty orders totaling Rs 3,50,299 related to input tax credit (ITC) claims.
Odisha Penalty Details:
- Amount: Rs 1,77,046
- Issue: The penalty in Odisha is linked to Goods and Services Tax (GST) discrepancies for the fiscal year 2017-18. The appellate authority upheld the demand, rejecting IndiGo’s plea.
- Next Steps: IndiGo’s parent company, InterGlobe Aviation, has disclosed in a regulatory filing that the airline plans to contest the decision before an appellate tribunal.
Kerala Penalty Case:
- Amount: Rs 1,73,253
- Issue: In Kerala, the penalty relates to a rejected ITC claim. The tax officer issued a demand for payment, which the airline is now appealing before the concerned appellate authority.
IndiGo’s ongoing legal challenges underscore the complexity of GST regulations and the scrutiny businesses face regarding input tax credits.
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