InterGlobe Aviation Faces INR 115.87 Crore Penalty for GST Violations
InterGlobe Aviation Ltd, the parent company of IndiGo, has received communication from the Additional Commissioner of Central, Joint Commissioner of GST Goods & Service Tax - Delhi South, and the Central Excise — Chennai Commissionerate South — Tamil Nadu, regarding penalties amounting to INR 113,02,36,194 and INR 2,84,54,640 for alleged GST violations committed between FY 2017-18 and FY 2019-20. The violations include levying GST on offshore services and denying input tax credit on certain services. The company is contesting these orders before the appropriate appellate authority. The penalties are not expected to have a material impact on the financials, operations, or other activities of the listed entity in a quantifiable monetary sense.
Key Highlights
- InterGlobe Aviation faces penalties of INR 113,02,36,194 and INR 2,84,54,640 for GST violations.
- Violations include GST on offshore services and denial of input tax credit for FY 2017-18 to FY 2019-20.
- The company is contesting the orders before the appellate authority.
- No material impact on financials, operations, or other activities of the company.
- Penalties are not quantifiable in monetary terms.