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An announcement from InterGlobe Aviation Ltd ( (IN:INDIGO) ) is now available.
InterGlobe Aviation Ltd has been issued a penalty of INR 117.52 crore by the Joint Commissioner of Central Tax and Central Excise, CGST Kochi Commissionerate, for allegedly availing input tax credit (ITC) incorrectly from FY 2018-19 to 2021-22. The company disputes the order, asserting it is erroneous and plans to contest it, supported by external tax advisors. Despite the penalty, InterGlobe Aviation states that there is no significant impact on its financials, operations, or other activities.
More about InterGlobe Aviation Ltd
InterGlobe Aviation Ltd, operating under the brand name IndiGo, is a prominent player in the aviation industry, primarily offering passenger airline services. The company is known for its extensive domestic and international flight network, focusing on providing affordable and efficient air travel solutions.
Average Trading Volume: 16,638
Technical Sentiment Signal: Buy
Current Market Cap: 2281.9B INR
For an in-depth examination of INDIGO stock, go to TipRanks’ Overview page.