IndiGo Challenges GST Penalties: Input Tax Credit Dispute
By Rediff Money Desk, New Delhi Aug 21, 2024 21:37
IndiGo is challenging penalties imposed by Odisha and Kerala tax authorities related to input tax credit availed for FY 2017-18. The company is contesting the orders before appellate authorities.
New Delhi, Aug 21 (PTI) Leading airline IndiGo on Wednesday said it will contest two orders imposing penalties totalling Rs 3,50,299 on the company in relation to input tax credit.
In Odisha, a penalty of Rs 1,77,046 was imposed on the company related to Goods and Services Tax (GST).
"The appellate authority has rejected the appeal filed by the company and upheld demand on account of availment of input tax credit for FY 2017-18," InterGlobe Aviation, the parent of IndiGo, said in a regulatory filing.
According to the filing, IndiGo is in the process of contesting the appeal order before the appellate tribunal.
Separately, in Kerala, the company is facing a penalty of Rs 1,73,253, with the filing saying "the tax officer has denied input tax credit availed and has raised a demand on the company".
In this case, the company said it is in the process of contesting the orders before the appropriate appellate authority.
In Odisha, a penalty of Rs 1,77,046 was imposed on the company related to Goods and Services Tax (GST).
"The appellate authority has rejected the appeal filed by the company and upheld demand on account of availment of input tax credit for FY 2017-18," InterGlobe Aviation, the parent of IndiGo, said in a regulatory filing.
According to the filing, IndiGo is in the process of contesting the appeal order before the appellate tribunal.
Separately, in Kerala, the company is facing a penalty of Rs 1,73,253, with the filing saying "the tax officer has denied input tax credit availed and has raised a demand on the company".
In this case, the company said it is in the process of contesting the orders before the appropriate appellate authority.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Alstone Textiles
- 0.85 (+ 7.59)
- 31893428
- Filatex Fashions
- 1.30 ( -3.70)
- 29956162
- Alok Industries Ltd.
- 28.11 (+ 10.71)
- 23232927
- AvanceTechnologies
- 0.93 (+ 4.49)
- 21309709
- GTL Infrastructure
- 2.78 ( -1.07)
- 21057584
MORE NEWS
![Trai Recommends...](https://im.rediff.com/80-80/money/2018/sep/26telecom.jpg)
Trai Recommends 'Tera Hertz' Spectrum...
Telecom regulator Trai recommends a new experimental authorization for spectrum in the...
![Paytm Caps Board...](https://im.rediff.com/80-80/money/2012/feb/17board3.jpg)
Paytm Caps Board Member Remuneration at Rs 48...
Paytm has proposed reduced remuneration for board members, capping their annual...
Cyient DLM Promoter Sells 14.5% Stake for Rs...
Cyient Ltd, promoter of Cyient DLM, sold a 14.5% stake in the company for Rs 879 crore...