IndiGo faces Rs 458 crore GST penalty; airline to contest ruling
New Delhi (PTI): The country's largest airline IndiGo on Tuesday said authorities have slapped a GST penalty of over Rs 458 crore, and that it would contest the decision.
The Additional Commissioner of CGST- Delhi South Commissionerate has slapped the penalty. It pertains to the assessment order under Section 74 of the Central Goods and Services Tax Act, 2017, for FY-2018-19 to FY 2022-23, according to a regulatory filing.
The total GST penalty is Rs 458,26,16,980.
"GST department has passed an order imposing GST demand along with interest and penalty on compensation received from foreign supplier and denial of Input Tax credit. The company strongly believes that the order passed by the GST department is erroneous and not in accordance with law, backed by advice from external tax advisors.
"Accordingly, the company will contest the same and shall take appropriate legal remedies against the aforesaid order. The company is already in appeal before the Commissioner (Appeals) in a similar matter for FY 2017-18," the filing said on Tuesday.
Further, IndiGo said that since it will contest the order, the order does not have any significant impact on financials, operations or other activities of the company.
Separately, the Office of the Joint Commissioner, Lucknow, has imposed a penalty of Rs 14,59,527 on IndiGo for the period 2021-22.
"The department has denied input tax credit availed and has raised a demand along with interest and penalty on the company. The company believes that the order passed by the authorities is erroneous. Further, the company believes that it has a strong case on merits, backed by advice from external tax advisors," InterGlobe Aviation, the parent of IndiGo, said in another regulatory filing.
According to the company, it will contest the order before the appropriate authority, and there is no significant impact on its financials, operations or other activities.
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Time has come to implement Women's Reservation Act: PM Modi's letter to LS, RS floor leaders
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New Delhi (PTI): Prime Minister Narendra Modi has said that the time has come for the implementation of the Women's Reservation Act in its true spirit and the 2029 Lok Sabha elections and Assembly elections are conducted with the quota for women in place.
In a letter to the floor leaders of Lok Sabha and Rajya Sabha, ahead of the three-day special sittings of Parliament, Modi also asked all members to come together in one voice to pass the amendments to the women's reservation law, officially known as Nari Shakti Vandan Adhiniyam.
"After extensive deliberations, we have reached the conclusion that the time has now come to implement the Nari Shakti Vandan Adhiniyam in its true spirit across the country.
"It is imperative that the 2029 Lok Sabha elections and Assembly elections are conducted with women's reservation in place," the Prime Minister said in his letter dated April 11.
The Budget Session of Parliament has been extended, and a special three-day sitting of the House has been convened on April 16 to 18.
The Women's Reservation Act will ensure an increase in the number of Lok Sabha seats to 816, of which 273 will be reserved for women.
The provision to provide 33 per cent reservation to women in the Lok Sabha and state assemblies was brought by amending the Constitution in 2023.
However, the women's quota would have come into effect only after the completion of the delimitation exercise on the basis of the 2027 Census. This meant the reservation would not have become enforceable before 2034 if the present law remains as is.
To implement it from the 2029 Lok Sabha elections, changes were needed in the Nari Shakti Vandan Adhiniyam; hence, the government is holding a special session to pass the amendments to the law.
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