Question

What was the primary reason for the ₹115.86 crore penalty imposed on IndiGo by GST authorities?

Q: Answer-What was the primary reason for the ₹115.86 crore penalty imposed on IndiGo by GST authorities?

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.

A Non-payment of Goods and Services Tax (GST) on ticket sales

B Incorrect classification of aircraft lease payments

C Denial of input tax credit (ITC) due to offshore services not being considered as exports

D Failure to submit annual GST returns on time

E Excessive claims on GST refunds

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What was the primary reason for the ₹115.86 crore penalty imposed on IndiGo by GST authorities?

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