Press Esc to close
Wednesday 29 March 2017
News updated at 1:08 AM IST

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
Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Children with flowers, neem leaves and jaggery all set to welcome the New Year...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Roads wear deserted look on Tuesday as temperature soars in Surat...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Security forces chasing away local protesters who tried to disrupt an anti-militant operation...

Smoke billowing out of the house which was targeted by the security forces personnel for...

Smoke billowing out of the house which was targeted by the security forces personnel for...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

A man carries schoolchildren on his bicycle on a road in Srinagar, India...

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

Russian opposition leader Alexei Navalny, foreground, speaks to press in a court room in Moscow....

A huge fish that was found in the sea near Vijaydurg in Sindhudurg, Maharashtra on Monday....

A huge fish that was found in the sea near Vijaydurg in Sindhudurg, Maharashtra on Monday....

Jaime Yarza (3rdL), Head of Tournament FIFA and Javier Ceppi (R),Tournament Director, LOCFIFA....

Jaime Yarza (3rdL), Head of Tournament FIFA and Javier Ceppi (R),Tournament Director, LOCFIFA....

Indian players during the tea break at the 3rd day of last test match against Australia at HPCA...

Indian players during the tea break at the 3rd day of last test match against Australia at HPCA...

Guillaume Sicard, President, Nissan India Operations poses with the newly launched New Terrano...

Guillaume Sicard, President, Nissan India Operations poses with the newly launched New Terrano...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523