InterGlobe Aviation | In the news for the wrong reasons recently, IndiGo has seen a steady spate of stake sales from one of its promoters Rakesh Gangwal. Promoter sales in IndiGo in 2025 so far have totaled close to $1.7 billion, as per the Kotak note. IndiGo promoters still hold 41.6% in the airline.
aviation
C
CNBC TV1830-12-2025, 16:57

IndiGo Faces ₹458 Crore GST Demand, Vows to Contest Order

  • InterGlobe Aviation Ltd (IndiGo) received a GST demand of ₹458.26 crore from the Additional Commissioner of CGST, Delhi South Commissionerate.
  • The demand, issued on December 29, 2025, covers FY 2018-19 to FY 2022-23 under Section 74 of the Central Goods and Services Tax Act, 2017.
  • The tax authority raised the demand due to compensation from a foreign supplier and disallowing certain input tax credits.
  • IndiGo deems the order "erroneous" and plans to challenge it through appropriate appellate mechanisms, having already contested similar matters.
  • Despite the significant amount, IndiGo states the demand will not materially impact its financial position, operations, or cash flows.

Why It Matters: IndiGo will legally challenge a ₹458 crore GST demand, asserting no material financial impact.

More like this

Loading more articles...