Press Esc to close
Saturday 01 October 2016
News updated at 2:07 PM IST
Weather
Max: 29.7°C
Min : 20.5°C
In Bengaluru
Generally cloudy
Breaking News

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 hair stylist Kailash Kashid creates a special hair cut slogan of Maratha Kranti Morcha...

A hair stylist Kailash Kashid creates a special hair cut slogan of Maratha Kranti Morcha...

Actor Salman Khan plays with his sister Arpita's kid at an event for the tie-up between...

Actor Salman Khan plays with his sister Arpita's kid at an event for the tie-up between...

Artisans work on a giant model of Hindu god Ganesh during preparations for the upcoming Durga Puja..

Artisans work on a giant model of Hindu god Ganesh during preparations for the upcoming Durga Puja..

The palace witnessed very little visitors on the day and thus children enjoy playing at the...

The palace witnessed very little visitors on the day and thus children enjoy playing at the...

Temples submerged at Gwari Ghat due to floods caused in Narmada River by heavy rains...

Temples submerged at Gwari Ghat due to floods caused in Narmada River by heavy rains...

Indian Army vehicles move towards border areas in Akhnoor sector on India Pakistan Border...

Indian Army vehicles move towards border areas in Akhnoor sector on India Pakistan Border...

BJP activists celebrate the Indian army's Surgical strikes along the Line of Control in PoK...

BJP activists celebrate the Indian army's Surgical strikes along the Line of Control in PoK...

all-party meeting in New Delhi on Thursday following Indian army's surgical strikes along the LoC...

all-party meeting in New Delhi on Thursday following Indian army's surgical strikes along the LoC...

People celebrate after Indian army's Surgical strikes along the Line of Control...

People celebrate after Indian army's Surgical strikes along the Line of Control...

Artists practice the Garba dance ahead of the Navratri festival in Ahmedabad...

Artists practice the Garba dance ahead of the Navratri festival in Ahmedabad...

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