IndiGo Slapped With ₹1.27 Cr GST Penalty, Plans to Challenge Order

The parent firm of IndiGo, InterGlobe Aviation, the biggest airline in India by market share, said that it had been fined just over ₹1.27 crore.
Rediff Money

IndiGo Faces Penalty Over Input Tax Credit

IndiGo faces Rs 1.27 crore penalty related to GST input tax credit. The airline will challenge the order, citing it as ...
Nasdaq

Reliance Fined For Incorrect Availment Of Input Tax Credit

(RTTNews) - Reliance Industries Limited (500325, RELIANCE) has received an order from the Deputy Commissioner of State Tax, Jamnagar, India imposing on the company a penalty of Rs. 1.11 crore alleging ...
Tax Guru

Rule 86A Does Not Permit Artificial Negative Balance in Electronic Credit Ledger: P&H HC

The High Court ruled that Rule 86A cannot be invoked to block ITC beyond the balance available in the electronic credit ...
NDTV Profit on MSN

IndiGo faces penalty in relation to input tax credit

The fine totalling Rs 1.27 crore is for the July 2017 to March 2018 period.
Canadian Lawyer

Federal Court of Appeal dismisses Amex Canada’s appeal over $14 million in denied tax credits

Amex cannot claim tax credits that would help it recover GST/HST it paid on rewards program expenses ...

LIC takes ₹1,400 crore hit from loss of GST-linked input tax credit

LIC, India's largest life insurer, managed to largely offset the loss of input tax credit through an increase in the share of margin-accretive non-participating policies and by rationalizing ...