IndiGo Hit With ₹117 Crore Penalty Over Input Tax Credit

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Penalty Announcement
IndiGo received a ₹117.52 crore penalty from CGST Kochi Commissionerate for alleged wrongful input tax credit claims

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Period Under Review
The order covers ITC claims from 2018–19 to 2021–22, including denied credit and formal demand with penalty

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IndiGo’s Stand
IndiGo says the order is incorrect and believes it has strong legal backing supported by external tax experts.

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Next Steps
The airline plans to challenge the ruling before the appropriate authority and expects no impact on financial or operations

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Market Reaction
IndiGo’s shares fell 1.60%, closing at ₹5,697.70 after the penalty announcement

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With Our Subscription Plans

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IndiGo Hit With ₹117 Crore Penalty Over Input Tax Credit

Penalty Announcement IndiGo received a ₹117.52 crore penalty from CGST Kochi Commissionerate for alleged wrongful input tax credit claims

Period Under ReviewThe order covers ITC claims from 2018–19 to 2021–22, including denied credit and formal demand with penalty

IndiGo’s Stand IndiGo says the order is incorrect and believes it has strong legal backing supported by external tax experts.

Next StepsThe airline plans to challenge the ruling before the appropriate authority and expects no impact on financial or operations

Market ReactionIndiGo’s shares fell 1.60%, closing at ₹5,697.70 after the penalty announcement