IndiGo Faces Fine Over Input Tax Credit, Exploring Legal Options
IndiGo is facing a Rs 1.30 crore penalty in Gujarat related to input tax credit for FY 2020-21. The airline is evaluating legal options and believes it accurately availed the credit.
New Delhi, Feb 28 (PTI) IndiGo on Friday said it is facing a penalty of Rs 1.30 crore in relation to input tax credit in Gujarat and evaluating necessary legal recourse.
The Assistant Commissioner of State Tax, Ahmedabad, has imposed a penalty of Rs 1,30,40,966 on the airline.
In a regulatory filing, IndiGo said the tax officer has denied input tax credit availed for FY 2020-21.
"The company believes that it has accurately availed input tax credit and has merits in its case. Accordingly, the company is evaluating necessary legal recourse under the applicable law, including filing of appeal before the appropriate appellate authority," it said.
The filing also said that there is no significant impact on financials, operations or other activities of the company.
On Wednesday, IndiGo said it is facing a fine of nearly Rs 14 lakh in relation to input tax credit in Uttar Pradesh and evaluating necessary legal recourse.
The Assistant Commissioner of State Tax, Ahmedabad, has imposed a penalty of Rs 1,30,40,966 on the airline.
In a regulatory filing, IndiGo said the tax officer has denied input tax credit availed for FY 2020-21.
"The company believes that it has accurately availed input tax credit and has merits in its case. Accordingly, the company is evaluating necessary legal recourse under the applicable law, including filing of appeal before the appropriate appellate authority," it said.
The filing also said that there is no significant impact on financials, operations or other activities of the company.
On Wednesday, IndiGo said it is facing a fine of nearly Rs 14 lakh in relation to input tax credit in Uttar Pradesh and evaluating necessary legal recourse.
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