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SpiceJet Clears GST Dues Just Days After Raising Rs 3,000 Crore Through QIP
Update / Judgement Date
30 Sept 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Corporate ComplianceGST
SpiceJet has settled its outstanding GST dues shortly after raising ₹3,000 crores via a Qualified Institutional Placement (QIP). The airline, which faced financial difficulties, used part of the raised funds to clear tax liabilities, including GST arrears. This move ensures compliance with tax regulations and prevents further legal action against the company. SpiceJet’s financial recovery efforts are ongoing, with plans to stabilize its operations and settle other outstanding liabilities.
