Press Esc to close
Wednesday 17 September 2014
News updated at 3:12 AM IST
Weather
Max: 29.7°C
Min : 20.2°C
In Bangalore
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
An Israeli army armoured bulldozer drives in the Israeli occupied Golan Heights...

An Israeli army armoured bulldozer drives in the Israeli occupied Golan Heights...

Members of Iraqi security forces and tribal fighters prepare a mortar launcher...

Members of Iraqi security forces and tribal fighters prepare a mortar launcher...

Rajasthan Congress President Sachin Pilot celebrates with party workers the party's victory...

Rajasthan Congress President Sachin Pilot celebrates with party workers the party's victory...

Shahrukh Khan and Deepika Padukone at the music launch of the film 'Happy New Year'...

Shahrukh Khan and Deepika Padukone at the music launch of the film 'Happy New Year'...

Volunteers rescuing flood affected people in Chattabal area in Srinagar...

Volunteers rescuing flood affected people in Chattabal area in Srinagar...

Army personnel build a bridge in the flood affected area of Kotranka Tehsil in Rajouri in Jammu...

Army personnel build a bridge in the flood affected area of Kotranka Tehsil in Rajouri in Jammu...

An aerial view of the partially deluged Centaur hotel in Srinagar...

An aerial view of the partially deluged Centaur hotel in Srinagar...

A view flood-hit Abi Guzar residential area in Srinagar ...

A view flood-hit Abi Guzar residential area in Srinagar ...

Prime Minister Narendra Modi being received by O P Kohli,  Anandiben Patel and Amit Shah...

Prime Minister Narendra Modi being received by O P Kohli, Anandiben Patel and Amit Shah...

Children lying in mud during Buka Bhaona festival in Jorhat...

Children lying in mud during Buka Bhaona festival in Jorhat...

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