https://www.taxtmi.com/news?id=66147 A revenue assessment imposed a substantial GST demand, interest and penalty relating to compensation from a foreign supplier and denial of input tax credit across multiple years, with an aggregate demand exceeding Rs 458 crore and a separate smaller penalty for another year; the airline will contest the orders through appeals, maintaining the positions are erroneous and supported by external tax advice and asserting no significant present financial or operational impact. en-us Tue, 30 Dec 2025 22:16:03 +0530 Tue, 30 Dec 2025 22:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=66147 A revenue assessment imposed a substantial GST demand, interest and penalty relating to compensation from a foreign supplier and denial of input tax credit across multiple years, with an aggregate demand exceeding Rs 458 crore and a separate smaller penalty for another year; the airline will contest the orders through appeals, maintaining the positions are erroneous and supported by external tax advice and asserting no significant present financial or operational impact. News - Tue, 30 Dec 2025 22:16:03 +0530 https://www.taxtmi.com/news?id=66147