Press Esc to close
Sunday 19 April 2015
News updated at 9:52 AM IST
Weather
Max: 33.4°C
Min : 21.6°C
In Bengaluru
Sunny day

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
Guru Sai Dutt of PSPB and Neha Pandit of Airport Athority Of India won the men and women title...

Guru Sai Dutt of PSPB and Neha Pandit of Airport Athority Of India won the men and women title...

Tibetan Spiritual Leader Dalai lama and Archbishop and Nobel Laureate Desmond Tutu...

Tibetan Spiritual Leader Dalai lama and Archbishop and Nobel Laureate Desmond Tutu...

Nuns of Missionaries of Charity wait in a queue to cast their vote infront of a polling centre...

Nuns of Missionaries of Charity wait in a queue to cast their vote infront of a polling centre...

A langur eats potatoes being sold by a roadside vendor in Ahmadabad...

A langur eats potatoes being sold by a roadside vendor in Ahmadabad...

Leopard seen in new glass enclosure at Sri Chamarajendra Zoological Garden in Mysuru...

Leopard seen in new glass enclosure at Sri Chamarajendra Zoological Garden in Mysuru...

KSRTC buses standstill due to the 'bundh' called by the Kannada Okkuta...

KSRTC buses standstill due to the 'bundh' called by the Kannada Okkuta...

Karanaji Lake in Mysuru...

Karanaji Lake in Mysuru...

A little boy of a migratory family walks freely at BMTC bus stand...

A little boy of a migratory family walks freely at BMTC bus stand...

.A tourist drinks water on the roadside during a visit to Jantar Mantar...

.A tourist drinks water on the roadside during a visit to Jantar Mantar...

Various kinds of articles attracting the viewers exhibited during Rajasthani Mela...

Various kinds of articles attracting the viewers exhibited during Rajasthani Mela...

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