{"id":19228,"date":"2022-03-23T18:20:34","date_gmt":"2022-03-23T12:50:34","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=19228"},"modified":"2022-03-23T18:20:37","modified_gmt":"2022-03-23T12:50:37","slug":"the-excise-department-sends-a-notice-to-spicejet-to-clear-62cr-dues","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/03\/23\/the-excise-department-sends-a-notice-to-spicejet-to-clear-62cr-dues\/","title":{"rendered":"The excise department sends a notice to SpiceJet to clear 62cr dues"},"content":{"rendered":"\n<p class=\"has-drop-cap\"><strong>T<a href=\"https:\/\/rajexcise.gov.in\/\" target=\"_blank\" rel=\"noreferrer noopener sponsored nofollow\">he excise department <\/a>has sent a notice to SpiceJet to pay up \u20b962-crore dues in taxes. <\/strong><\/p>\n\n\n\n<p><strong>The department also sent a notice to Yes Bank, which is the airline\u2019s operating bank, asking it to freeze the account of the debt-strapped company, till such time the payment was not done by the company. <\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-spicejet-was-given-time-till-april-7-to-pay-its-dues\">SpiceJet was given time till April 7 to pay its dues <\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2021\/12\/international-flight-today-india-news-spicejet-1024x683.jpg\" alt=\"\" class=\"wp-image-839\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2021\/12\/international-flight-today-india-news-spicejet-1024x683.jpg 1024w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2021\/12\/international-flight-today-india-news-spicejet-600x400.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2021\/12\/international-flight-today-india-news-spicejet-300x200.jpg 300w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2021\/12\/international-flight-today-india-news-spicejet-768x512.jpg 768w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2021\/12\/international-flight-today-india-news-spicejet-750x500.jpg 750w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2021\/12\/international-flight-today-india-news-spicejet-1140x760.jpg 1140w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2021\/12\/international-flight-today-india-news-spicejet.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption><strong>SpiceJet Airline | Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n<p>However, <a href=\"http:\/\/www.spicejet.com\/\" target=\"_blank\" rel=\"noreferrer noopener sponsored nofollow\">SpiceJet <\/a>was given time till April 7 to pay its dues. Multiple sources confirmed that SpiceJet get a notice from the excise department, requesting the remittance of taxes for at least two financial years.&nbsp;Multiple sources confirmed that SpiceJet get a notice from the excise department, demanding the remittance of taxes for at least two financial years.&nbsp;<\/p>\n\n\n\n<p><em>An official in the excise department said, \u201cThe company has been issued multiple notices to repay the taxes. However, it has failed to do so. We sent them a notice to pay the taxes, again, and the airline failed to do so.\u201d<\/em><\/p>\n\n\n\n<p>The source also told that the department had also written notice to Yes Bank, which is its operating bank to freeze its account. \u201cThe letter was sent to SpiceJet and Yes Bank under\u00a0 Section 79 of the CGST and HGST Act, 2017, for recovery of dues. It is a standard procedure that the department follows to recover the dues..\u201d The source said that other banks, too, may have gat a similar notice.<\/p>\n\n\n\n<p><strong>Also, read <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong><a href=\"https:\/\/aviationa2z.com\/index.php\/2022\/03\/22\/airport-security-staff-strike-affects-passengers-in-germany\/\" rel=\"noreferrer noopener sponsored nofollow\" target=\"_blank\">Airport security staff strike affects passengers in  Germany<\/a>   <\/strong><\/li><li><strong> <span style=\"color:#f30707\" class=\"has-inline-color\">DGCA \u2013 In February, 76.96 lakh dome<a href=\"https:\/\/aviationa2z.com\/index.php\/2022\/03\/23\/dgca-in-february-76-96-lakh-domestic-passengers-travelled-up-20-from-january\/\" rel=\"noreferrer noopener sponsored nofollow\" target=\"_blank\">stic<\/a><\/span><a href=\"https:\/\/aviationa2z.com\/index.php\/2022\/03\/23\/dgca-in-february-76-96-lakh-domestic-passengers-travelled-up-20-from-january\/\" rel=\"noreferrer noopener sponsored nofollow\" target=\"_blank\"> passengers travelled, up 20% from January    <\/a><\/strong><\/li><li><strong><a href=\"https:\/\/aviationa2z.com\/index.php\/2021\/07\/19\/karnataka-government-break-buildings-taller-than-45m-near-jakkur-airport\/\" rel=\"noreferrer noopener sponsored nofollow\" target=\"_blank\">Karnataka Government: Break buildings taller than 45m near Jakkur airport<\/a><\/strong><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-spicejet-requested-the-department\">SpiceJet requested the department  <\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li>However, SpiceJet requested the department to give them some time to repay its dues. Hence, the excise department gave them a fortnight till April 7 to repay dues. The same was communicated to Yes Bank as well.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"700\" height=\"415\" src=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/03\/SpiceJet-IANS-1.jpg\" alt=\"\" class=\"wp-image-18946\" srcset=\"https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/03\/SpiceJet-IANS-1.jpg 700w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/03\/SpiceJet-IANS-1-600x356.jpg 600w, https:\/\/aviationa2z.com\/wp-content\/uploads\/2022\/03\/SpiceJet-IANS-1-300x178.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><figcaption><strong>SpiceJet airline |Aviationa2z.com<\/strong><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-non-payment-of-gst-dues\">Non-payment of GST dues<\/h2>\n\n\n\n<p>When contacted, a spokesperson for the airline told, \u201cSpiceJet is in the process of discharging its current GST liability since October 2021 on regular basis. The company is already making payments as per a mutually-agreed payment plan. There is no freeze on any of our accounts which are working normally.\u201d<\/p>\n\n\n\n<p>BusinessLine&nbsp;had said in August last year that a similar matter related to non-payment of GST dues is already being heard in the Haryana and Chandigarh High Court, where SpiceJet had stated that it wanted to pay the dues to the tune of \u20b980 crores in installments.<\/p>\n\n\n\n<p> In November last year, the court had told that if SpiceJet failed to pay monthly installments, then the GST department could take action against the company. It wasn\u2019t approved directly whether the said notices were regarding the same matter or not.<\/p>\n\n\n\n<p>Auditors of the debt-strapped airline had cast doubt on the ability of the airline to remain a going concern as its net worth has eroded. In the annual report for FY21, the independent auditors pointed out that SpiceJet has defaulted on tax payments, GST payments, and employee provident fund dues in FY21 totaling \u20b990 crores.<\/p>\n\n\n\n<p><strong>Over 45 days ago, SpiceJet had asked \u20b9500 crores for an operating capital loan from Yes Bank, which has still not been granted to the airline.\u00a0<\/strong><\/p>\n\n\n\n<p><strong>Thank you<\/strong><\/p>\n\n\n\n<p><strong>Stay updated with aviationa2z. com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The excise department has sent a notice to SpiceJet to pay up \u20b962-crore dues in taxes. <\/p>\n","protected":false},"author":3,"featured_media":15760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6761],"tags":[152,392,5180,4829,5575,2536,446,582,3389],"class_list":{"0":"post-19228","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-airlines","9":"tag-airlines-news","10":"tag-department","11":"tag-dues","12":"tag-excise-department","13":"tag-notice","14":"tag-spicejet","15":"tag-spicejet-airlines","16":"tag-spicejet-news"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/19228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=19228"}],"version-history":[{"count":2,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/19228\/revisions"}],"predecessor-version":[{"id":19233,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/19228\/revisions\/19233"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/15760"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=19228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=19228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=19228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}