Press Esc to close
Tuesday 05 May 2015
News updated at 9:29 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
People voluntarily donating blood for Nepal victims at a camp organised by National Students Union..

People voluntarily donating blood for Nepal victims at a camp organised by National Students Union..

Nepalese devotees take out a procession on the occasion of Buddha Jayanti in Ranchi on Monday...

Nepalese devotees take out a procession on the occasion of Buddha Jayanti in Ranchi on Monday...

Indian cricket team captain Mahendra Singh Dhoni with his daughter at an event in Chennai on Sunday.

Indian cricket team captain Mahendra Singh Dhoni with his daughter at an event in Chennai on Sunday.

Prime Minister Narendra Modi paying obeisance in front of a statue of Lord Buddha at 'International

Prime Minister Narendra Modi paying obeisance in front of a statue of Lord Buddha at 'International

Evacuated American journalists and Nepalese people from Dhunche onboard an India Air Force (IAF) ...

Evacuated American journalists and Nepalese people from Dhunche onboard an India Air Force (IAF) ...

Aam Aadmi Party's women activists display placards during a protest against Punjab Government over

Aam Aadmi Party's women activists display placards during a protest against Punjab Government over

Tibetan Institute of Performing Arts (TIPA) perform during Tawang festival 2015 in Tawang, Arunachal

Tibetan Institute of Performing Arts (TIPA) perform during Tawang festival 2015 in Tawang, Arunachal

BBMP employee demolishing the buildings with the help of JCB which is illigally constructed on ...

BBMP employee demolishing the buildings with the help of JCB which is illigally constructed on ...

Chennai Super Kings player Suresh Raina plays a shot during their IPL match against Royal Challenger

Chennai Super Kings player Suresh Raina plays a shot during their IPL match against Royal Challenger

KKR bowler Umesh Yadav celebrate with his teammates after dismissed SRH batsman D.Warner during IPL

KKR bowler Umesh Yadav celebrate with his teammates after dismissed SRH batsman D.Warner during IPL

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