IndiGo Hit With Rs 458 Crore GST Penalty, Vows Legal Challenge

• IndiGo's parent, InterGlobe Aviation, received a GST demand order with a penalty of Rs 458.26 crore.
• The penalty relates to GST on compensation received from a foreign supplier and denial of input tax credit.
• IndiGo believes the order is erroneous and not in accordance with the law, based on external tax advice.
• The airline plans to contest the matter and take appropriate legal remedies against the GST order.
• IndiGo stated the order is not expected to significantly impact its financials, operations, or other activities.

Why It Matters: IndiGo faces a large GST penalty but plans to legally challenge it, expecting no major financial impact.