InterGlobe Aviation Limited — Others, 05-02-2025: Action(s) taken or orders passed

InterGlobe Aviation Limited has received penalties amounting to ₹113.02 crore and ₹2.84 crore from GST authorities for allegations related to GST on services provided to offshore recipients and denial of Input Tax Credit for FY 2017-18. The company is contesting these orders before appellate authorities. Despite this development, the financial implications are stated to be non-material. For investors, this situation may present a neutral impact on sentiment, as the company is taking steps to challenge the penalties, which could indicate proactive management.