The energy shock at 35,000 feet is burning a hole in your pocketAs aviation fuel prices reach a new high globally, the airline industry is feeling the crunch, with ticket prices climbing and schedules be...
IndiGo shares drop 5% as Motilal Oswal cuts target price on higher fuel costs, other headwindsShares of IndiGo parent InterGlobe Aviation fell nearly 5% on Friday as elevated oil prices and Middle East tensions pressured aviation sto...
IndiGo shares in focus on receiving Rs 458 crore GST demand orderIndiGo Airlines is under scrutiny following substantial tax demand orders from the Goods and Services Tax department. The airline has recei...
IndiGo receives Rs 458 cr GST penalty order, airline calls it 'erroneous'IndiGo's parent company, InterGlobe Aviation, has received a Goods and Service Tax demand notice. The notice includes a penalty of Rs 458.2...
IndiGo faces Rs 13 lakh GST penaltyIndiGo faces a Goods and Services Tax penalty of over thirteen lakh rupees. The airline's parent company, InterGlobe Aviation, stated the o...
IndiGo faces nearly Rs 59 cr penalty in relation to GST; airline to contest orderIndiGo faces a significant penalty of nearly Rs 59 crore related to GST. The airline has been issued a demand notice along with a penalty f...
IndiGo moves Delhi HC over Rs 900 crore customs duty refund on re-import of aircraft parts: ReportIndiGo has filed a petition in the Delhi High Court seeking a refund of over ₹900 crore in customs duty paid on aircraft engines and parts ...
IndiGo shares in focus on facing Rs 115.87 crore tax penaltiesIndiGo share price: A larger penalty of Rs 113.02 crore was imposed by the Additional Commissioner of Central Goods & Service Tax - Delhi S...
GST authorities impose Rs 115.86 crore penalties on IndiGoGST authorities have imposed a total penalty of Rs 115.86 crore on IndiGo, primarily for services provided to offshore recipients that were...
IndiGo to challenge penalties related to input tax credit issueIndiGo decided to challenge two penalties amounting to Rs 3,50,299 over input tax credit disputes. A Rs 1,77,046 penalty from Odisha for FY...
IndiGo adversely impacted by ATF price hike; govt should bring it under GST: CEO Ronojoy DuttaOver the past few weeks, crude oil prices have soared to a seven-year high, nearing USD 140 per barrel, due to the ongoing conflict in Euro...
Anti-profiteering authority seeks inputs from Airtel, Indigo on GST benefitsTaking suo-moto cognisance, the Authority has asked the market leaders in the telecom and aviation sectors to calculate the input tax credi...
Aviation stocks go up on GST cut buzzAt present, the MRO industry is taxed at 18 per cent, making aircraft servicing in India costlier than other countries.
IndiGo says 12 aircraft grounded for want of spare engines but flights unaffectedEarlier in the day, media reports had said at least 13 of IndiGo’s planes have been grounded and 84 flights cancelled.
IndiGo, Vistara and AirAsia India fail to use imported aircraft as confusion lingers on GST lease rulesThe customs and excise department has sought a 5% levy on the total cost of the aircraft and another 5% GST on lease rentals. The airlines ...
GST adds to engine woes, almost half of IndiGo A-320 Neo fleet groundedGlobally till February 24, 2017, 42 PW 1100G engines (fitted on A-320 Neos) have been prematurely removed from aircraft due to different te...
Airline stocks set to soar, not looking for a landing soonIndia became the third largest aviation market in terms of domestic passenger traffic in March '17.