Press Esc to close
Wednesday 07 December 2016
News updated at 8:01 PM IST
Weather
Max: 28°C
Min : 19°C
In Bengaluru
Partially 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
Bollywood actress Shilpa Shetty and Shamita Shetty during designer Manish Malhotra's birthday....

Bollywood actress Shilpa Shetty and Shamita Shetty during designer Manish Malhotra's birthday....

Abhishek Bachchan (L) and Aishwarya Rai Bachchan pose for a photograph...

Abhishek Bachchan (L) and Aishwarya Rai Bachchan pose for a photograph...

Bollywood actor Ranveer Singh performs yoga with Swami Ramdev at Agenda Aaj Tak 2016 Summit...

Bollywood actor Ranveer Singh performs yoga with Swami Ramdev at Agenda Aaj Tak 2016 Summit...

Sand artist Sudarshan Pattanaik creates a sand art to pay tribute to J Jayalalithaa in Puri beach...

Sand artist Sudarshan Pattanaik creates a sand art to pay tribute to J Jayalalithaa in Puri beach...

Football Players From Tamil Nadu pay tribute to Tamil Nadu Chief Minister Jayalalithaa...

Football Players From Tamil Nadu pay tribute to Tamil Nadu Chief Minister Jayalalithaa...

Well wishers of Tamil Nadu Chief Minister Jayalalithaa Jayaraman cry outside a hospital...

Well wishers of Tamil Nadu Chief Minister Jayalalithaa Jayaraman cry outside a hospital...

Prime Minister Narendra Modi pays his last respects to Tamil Nadu's former Chief Minister Jayaram...

Prime Minister Narendra Modi pays his last respects to Tamil Nadu's former Chief Minister Jayaram...

People pay homage to the body of Jayalalithaa Jayaram, a powerful politician...

People pay homage to the body of Jayalalithaa Jayaram, a powerful politician...

People pay homage to the body of Jayalalithaa Jayaram, a powerful politician who died...

People pay homage to the body of Jayalalithaa Jayaram, a powerful politician who died...

People paying their last respects to Tamil Nadu's former Chief Minister Jayaram Jayalalithaa...

People paying their last respects to Tamil Nadu's former Chief Minister Jayaram Jayalalithaa...

Like us on Facebook

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