Friday 25 April 2014
News updated at 9:48 AM IST
Weather
Max: 34.6°C
Min : 22.7°C
In Bangalore
Generally cloudy

Govt likely to get tough to recover dues from KFA

New Delhi, Nov 20, 2012 , DHNS
Vijay Mallya File photo

The government may get tough with Kingfisher Airlines which owes it more than Rs 200 crore by way of service tax arrears.

Finance Minister P Chidambaram had told the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC) to get their act together and recover the dues from the Vijay Mallya-controlled airline. Now, the tax wings of both organizations are understood to be chalking out a comprehensive plan to recover the money.

The tax department, which froze Kingfisher’s accounts earlier when the airline failed to pay back its outstandings, may also approach the aviation regulator ahead of the airline’s presenting its revival plan to the Director-General of Civil Aviation (DGCA). Kingfisher is expected to submit its revival plan to the DGCA by the month end.


“We have taken all action as per the Service Tax Act, and are now working on a comprehensive plan to recover our dues,” CBEC chairman Praveen Mahajan told reporters.
He was speaking at a function organised by the Confederation of Indian Industry. Mahajan also did not rule out the possibility of the debt-stricken airline facing prosecution for defaulting on payment of its dues to the government.

Service tax collected by airlines from passengers is usually paid to the government in the course of a month. Airlines are not permitted to keep the money in their accounts indefinitely.

Go to Top

Photo Gallery
A digital image called 'Venus, 1985' created by Andy Warhol retrieved from disk 1998.3.2129.3.22...

A digital image called 'Venus, 1985' created by Andy Warhol retrieved from disk 1998.3.2129.3.22...

Crew members of Colombian-registered sailing ship Gloria stand on the ship's masts during a...

Crew members of Colombian-registered sailing ship Gloria stand on the ship's masts during a...

A rainbow appears over the sky of the city of Sao Paulo April 24, 2014. Sao Paulo is one of the...

A rainbow appears over the sky of the city of Sao Paulo April 24, 2014. Sao Paulo is one of the...

27 year old white polar bear Uslada shakes off water in her pool at the Leningrad Zoo in St...

27 year old white polar bear Uslada shakes off water in her pool at the Leningrad Zoo in St...

U.S. President Barack Obama waves from Air Force One as he departs Haneda International Airport...

U.S. President Barack Obama waves from Air Force One as he departs Haneda International Airport...

Singer-songwriter, Leslie Grace arrives at the 2014 Billboard Latin Music Awards on Thursday...

Singer-songwriter, Leslie Grace arrives at the 2014 Billboard Latin Music Awards on Thursday...

A model of a pink fisherman and bicycle are positioned on a rock in the Irish Sea near the...

A model of a pink fisherman and bicycle are positioned on a rock in the Irish Sea near the...

Actress Emma Stone arrives for 'The Amazing Spider-Man 2' premiere in New York April 24, 2014...

Actress Emma Stone arrives for 'The Amazing Spider-Man 2' premiere in New York April 24, 2014...

A girl leaps over headstones at the Jakarta War Cemetery following the ANZAC Day dawn service in...

A girl leaps over headstones at the Jakarta War Cemetery following the ANZAC Day dawn service in...

A fire-fighter walks past a school bus leaning against a eucalyptus tree after it veered off the...

A fire-fighter walks past a school bus leaning against a eucalyptus tree after it veered off the...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523