The Goods and Services Tax commissionerate has raised a tax demand of ₹458 crore against Interglobe Aviation (IndiGo) in relation to compensation received from a foreign supplier and the denial of input tax credit. The airline, while disclosing the tax department order in a stock exchange notification on Tuesday, said it will appeal against the order.
Max Healthcare Institute Ltd has received a demand order for ₹33.66 crore, along with interest of ₹18.18 crore and a penalty of ₹3.37 crore from the Office of the GST Officer, Department of Trade and Taxes, Government of NCT of Delhi, alleging excess availment of input tax credit. The Management is seeking rectification of the order and, if the outcome is unfavourable, may appeal before the appropriate authority, it said in a notification to the stock exchanges.
SRF Ltd informed the exchanges of a demand for reversal of input tax credit on exempted supply and for non-filing of the return by the supplier. The Authority has demanded reversal of ITC of ₹15.76 Crore (Approx.) along with applicable interest. In addition, a penalty equivalent to the tax has also been imposed on the Company.
Leela Palaces Hotels & Resorts has announced a favourable development regarding its material subsidiary’s GST proceedings. The company disclosed that Tulsi Palace Resort Private Limited (TPRPL) has received an Order-in-Original from the Assistant Commissioner of the Central Goods and Services Tax Division in Jaipur-East, resulting in the complete dismissal of tax proceedings.