SpiceJet Discloses Rs 427 Crore Unpaid GST, TDS and PF Dues Since 2020

SpiceJet revealed that it has unpaid dues amounting to Rs. 427 crore, including Goods and Services Tax (GST), Tax Deducted at Source (TDS), and Provident Fund (PF) contributions, dating back to 2020. The airline has been facing financial challenges exacerbated by the pandemic, leading to liquidity issues and delays in tax and statutory dues. These unpaid obligations could potentially lead to legal consequences, including penalties and interest, further straining the company’s financial health. The disclosure raises concerns about corporate governance and compliance within the company, highlighting the broader challenges faced by the aviation sector during economic downturns.