InterGlobe Aviation Limited has informed the Exchange about Action(s) taken or orders passed
INDIGO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
InterGlobe Aviation (IndiGo) received a GST order on March 25, 2026 from the Additional Commissioner, CGST Gurugram, covering the period FY 2019-20 to FY 2024-25. The order imposes a demand along with interest and a penalty of approximately ₹42.92 crore (INR 42,92,24,671). The company states the demand is erroneous, as it relates to services that were not received and not paid for by IndiGo. Based on advice from external tax advisors, the company believes the order is not in accordance with law and plans to contest it through legal remedies.
The penalty amount of ₹42.92 crore is not considered significant for IndiGo's overall financials, operations, or activities. Since the company is actively contesting the order, short-term impact on the stock is likely limited, though investors should monitor the legal outcome as an adverse ruling could affect future financials.