Input Tax Credit
IndiGo Challenges Rs 117.52 Crore Input Tax Credit Penalty Imposed by Kerala CGST Authorities
Dec 03, 2025 10:35 am CST
IndiGo airline faces a Rs 117.52 crore penalty from Kerala CGST authorities over input tax credit claims from 2018-2022. The company has declared the order erroneous and plans to contest it before appropriate authorities, stating the penalty will not significantly impact its financial or operational performance. Following the announcement, IndiGo shares declined 1.60% on the market.
GST 2.0: Individual Health Insurance Premiums To Be GST-Free From Today
Sep 22, 2025 09:09 am CST
Union Finance Minister Nirmala Sitharaman announced a major reform under GST 2.0 at the 56th GST Council meeting on September 3. Effective today, individual health insurance premiums will be completely exempt from GST.
GST 2.0 Tax Cuts Kick In, What You Need To Know: 10 Points
Sep 22, 2025 09:09 am CST
The Government's second major overhaul of the Goods and Services Tax (GST), referred to as "GST 2.0", comes into effect today, with a wide range of rate cuts.