IndiGo, already grappling with massive flight disruptions across the country, has now been hit with a tax penalty notice of ₹58.75 crore.
The notice was issued on December 11 by the Additional Commissioner of CGST, Delhi South Commissionerate, adding to the airline’s mounting troubles.
The GST demand and penalty pertain to Financial Year 2020-21 (FY21) and have been raised against InterGlobe Aviation, IndiGo’s parent company.
IndiGo, however, maintains that the order is flawed and says it has strong grounds to challenge it.
Backed by external tax advisors, the airline said it will formally contest the decision and is confident of having it overturned.
Despite the hefty demand, IndiGo has assured that the order will not impact its financial position or day-to-day operations. “There is no significant impact on financials, operations or other activities of the company,” the company said in an exchange filing.
Source from: https://www.outlookbusiness.com/corporate/indigo-slapped-with-rs59-cr-gst-penalty-amid-operational-disruptions
