Tax authorities have asked Kingfisher Airlines (KFA) to clear service tax dues of Rs600 million at the earliest, a top finance ministry official said today (April 04, 2012).
'There is no question of leeway to Kingfisher on payment of service tax,' S.K. Goel, chairman of India's Central Board of Excise and Customs, told reporters.
Goel also said the airline's bank accounts have been defrozen.
Kingfisher's billionaire chairman Vijay Mallya told its employees earlier this week that the company had paid Rs200 million of service tax.
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'There is no question of leeway to Kingfisher on payment of service tax,' S.K. Goel, chairman of India's Central Board of Excise and Customs, told reporters.
Goel also said the airline's bank accounts have been defrozen.
Kingfisher's billionaire chairman Vijay Mallya told its employees earlier this week that the company had paid Rs200 million of service tax.
....more info