GST authorities clamp down on IndiGo with Rs 115.86 crore penalty
GST authorities have imposed penalties totalling Rs 115.86 crore on IndiGo, the airline said in a regulatory filing on Wednesday.
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GST authorities have imposed penalties totalling Rs 115.86 crore on IndiGo, the airline said in a regulatory filing on Wednesday.
The Central Board of Indirect Taxes on Wednesday amended regulations for record keeping for aircraft operators with immediate effect, making it mandatory for every aircraft operator to transfer passenger data before 24 hours of departure time and at wheels-off time.
The Finance Ministry’s law enforcement agency, DGGI has sent show cause notices to 10 foreign airline operating companies over an alleged non-payment of taxes amounting to ₹10,000 crore, The Economic Times reported quoting anonymous officials aware of the development.
The Directorate General of GST Intelligence (DGGI) has questioned executives from at least 10 leading foreign airlines during the last…