Naturewings Holidays Receives GST Assessment Order Demanding Over 66 Lakhs Across Multiple Financial Years
Naturewings Holidays Limited has received an order from tax authorities concerning its Goods and Services Tax (GST) assessment for travel services offered to international destinations. The assessment covers three different financial periods, leading to a combined demand exceeding ₹66 lakh.The company received the communication on April 10, 2026, from the Office of the Deputy Commissioner, state tax Directorate of Revenue Intelligence & Enforcement in Kolkata.
Assessment Details and Financial Demands
The tax assessment is based on GST for B2C supply services provided by Naturewings Holidays Ltd to destinations including Bhutan and Nepal. The order details specific demands across three periods:| Financial Period | Amount Demanded (Tax, Interest, and Penalty) |
|---|---|
| FY 2022-23 | 734024 |
| FY 2023-24 | 3331788 |
| April 2024 - December 2024 | 2566976.28 |
The cumulative demand from the aforesaid authority totals ₹6,632,788.28, comprising interest, tax, and penalty.
Company Response and Impact Assessment
Regarding the financial ramifications, Naturewings Holidays Limited stated that there is no material impact on the financial operations of the company at this stage.In response to the order, the company has committed to filing a necessary appeal with the appellate authority within the permissible timeline. The organization confirmed that the assessment findings are related to the service provider's failure to charge any GST on its tour package services for B2C supplies to Bhutan, Nepal, and other international destinations.
Stock Price Movement
Naturewings Holidays Ltd shares settled at ₹80.80 on Thursday, gaining 9.34%. The equity spent the session trading between an intraday low of ₹80.75 and a high of ₹80.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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