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regular-article-logo Tuesday, 05 November 2024

SpiceJet clears GST dues

The airline, which raised Rs 3,000 crore through the Qualified Institutional Placement (QIP) route last week, had GST dues worth over Rs 145 crore

Our Special Correspondent New Delhi Published 28.09.24, 12:27 PM
Representational image

Representational image File picture

Debt-ridden SpiceJet on Friday said it has cleared all its Goods and Services Tax (GST) dues.

The airline, which raised Rs 3,000 crore through the Qualified Institutional Placement (QIP) route last week, had GST dues worth over Rs 145 crore.

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In a release, the carrier said it has cleared all the GST dues. As per the preliminary placement document related to 3,000 crore fund raise, the airline had GST dues of Rs 145.1 crore as on September 15.

After receiving the fresh capital of 3,000 crore, SpiceJet has also cleared salary dues of employees for July and August as well part of pending June salaries.

Meanwhile, Union civil aviation minister Kinjarapu Rammohan Naidu on Friday said his ministry is seeking to increase the number of airports in the country to 350 and boost tourism. At an event held to mark the World Tourism Day, he also said his ministry is working on connecting more hinterlands locations which are close to unexplored sites.

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