IndiGo shares in focus on receiving Rs 458 crore GST demand order

Shares of InterGlobe Aviation, which operates IndiGo Airlines, are expected to be in focus on Wednesday, December 31, following the receipt of a significant tax demand order from the Goods and Services Tax (GST) department. The airline has been served with a GST penalty order amounting to Rs 458.26 crore by the Additional Commissioner of CGST – Delhi South Commissionerate.

The order pertains to assessment under Section 74 of the Central Goods and Services Tax Act, 2017, for the financial years 2018–19 to 2022–23.

According to the company’s regulatory filing, the order was received on December 29, 2025. It imposes a GST demand, including interest and penalty, on compensation received from a foreign supplier and the denial of input tax credit.


IndiGo stated that it believes the order is erroneous and not in accordance with applicable law. The airline has sought legal advice and intends to contest the order through appropriate legal channels.

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The company is already in appeal before the Commissioner (Appeals) in a similar matter related to FY 2017–18. IndiGo clarified that this development does not have any significant impact on its financial, operational, or other business activities.

In a separate development, IndiGo also received another order from the Office of the Joint Commissioner, Lucknow (Uttar Pradesh), related to the financial year 2021–22. This order includes a penalty of Rs 14.59 lakh following the denial of input tax credit and imposition of interest and penalty.

The company stated that it considers this order to be erroneous and intends to contest it before the relevant authority. It further emphasised that this second matter also does not materially impact its financials or operations.

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