New Delhi, May 30: The Goods and Services Tax (GST) department has issued a demand of ₹124.65 crore against low-cost airline SpiceJet for failing to file GST returns over several months. The airline is also facing the risk of having its GST registration canceled.
Officials stated that the department has sent a show-cause notice to SpiceJet, proposing the cancellation of the company’s GST registration due to repeated delays and alleged violations in filing statutory returns.
This tax demand arose following a provisional assessment process under Section 62 of the Central Goods and Services Tax (CGST) Act and the State Goods and Services Tax (SGST) Act of 2017. The airline has been accused of failing to submit returns within the specified deadlines.
GST officials noted that SpiceJet has consistently shown irregularities in filing returns, often submitting them after the due dates.
According to the assessment, the department has raised demands of ₹44.44 crore for November, ₹43.79 crore for December, ₹12.19 crore for January, ₹12.10 crore for February, and ₹12.12 crore for March.
Officials revealed that the show-cause notice regarding the cancellation of the airline’s GST registration was issued on May 25, 2026, but the company has yet to fulfill the pending compliance requirements.
An official stated, “If SpiceJet does not file its pending returns soon and ensure compliance with its statutory obligations under GST law, further action will be taken as per regulations.”
SpiceJet reported a consolidated net loss of ₹621 crore for the quarter ending September 30, 2025, compared to a loss of ₹458 crore in the same quarter of the previous fiscal year.
According to information provided to the stock exchange, the company’s operating income also fell to ₹792 crore from ₹915 crore in the same quarter of the previous fiscal year, marking a decline of nearly 13 percent.
On the last trading day of the week, SpiceJet’s shares closed at ₹12.75 on the Bombay Stock Exchange (BSE), down by 0.47 percent.
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