IndiGo Challenges GST Penalty of Over Rs 458 Crore

Stocks to watch today: Indigo, Bharat Forge, RITES among stocks in focus

A day after Indian equity benchmark indices witnessed range-bound activity, stock markets are expected to start on a subdued note in the final trading session amid continued FII selling and weak global cues, as several major Asian stock markets remained closed for the year-end and New Year's holidays. Foreign Institutional Investors (FIIs) remained net sellers on December 30 and offloaded equities worth Rs 3,844.02 crore, while DIIs extended the…

IndiGo Faces Rs 458 Crore GST Penalty, Airline Set To Contest Ruling

The country's largest airline IndiGo on Tuesday said authorities have slapped a GST penalty of over Rs 458 crore, and that it would contest the decision.

IndiGo Challenges GST Penalty of Over Rs 458 Crore

IndiGo Challenges GST Penalty of Over Rs 458 Crore IndiGo, the country's largest airline, announced on Tuesday that it would challenge a GST penalty exceeding Rs 458 crore imposed by the authorities.The penalty was issued by the Additional Commissioner of CGST-Delhi South Commissionerate, covering assessments from FY 2018-19 to 2022-23, according to a regulatory statement.IndiGo, supported by external tax advisors, argues that the GST department…