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SpiceJet on Friday stated it has actually removed all staff member provident fund charges that were pending for over 2 years.
The airline company has actually likewise settled numerous conflicts with airplane owners and various other financial institutions.
SpiceJet on Friday stated it has actually removed all staff member provident fund charges worth Rs 160.07 crore that was pending for over 2 years.
The affordable provider, which has actually been dealing with several headwinds, lately increased Rs 3,000 crore, adhering to which it has actually been getting rid of legal, GST (Goods and Services Tax) and various other charges.
Employee provident fund charges totaling up to Rs 160.07 crore, covering over 2 years, have actually been removed, the airline company stated in a launch.
According to the launch, given that October, SpiceJet has actually been using its inner capital to satisfy its legal responsibilities, consisting of provident fund and TDS (Tax Deduction at Source) repayments, the launch stated.
The airline company has actually likewise settled numerous conflicts with airplane owners and various other financial institutions.
Shares of SpiceJet increased 1.38 percent to shut at Rs 58.59 each on BSE.
(This tale has actually not been modified by News 18 team and is released from a syndicated information firm feed – PTI)
