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    Question

    What was the primary reason for the ₹115.86 crore

    penalty imposed on IndiGo by GST authorities?
    A Non-payment of Goods and Services Tax (GST) on ticket sales Correct Answer Incorrect Answer
    B Incorrect classification of aircraft lease payments Correct Answer Incorrect Answer
    C Denial of input tax credit (ITC) due to offshore services not being considered as exports Correct Answer Incorrect Answer
    D Failure to submit annual GST returns on time Correct Answer Incorrect Answer
    E Excessive claims on GST refunds Correct Answer Incorrect Answer

    Solution

    IndiGo faced a ₹115.86 crore penalty due to the denial of input tax credit (ITC) on offshore services, as they were not considered exports under GST laws.

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