Kingfisher asked to pay dues of 600 mln rupees
NEW DELHI (Reuters) - Tax authorities have asked debt-laden Kingfisher Airlines (KING.NS) to clear service tax dues of 600 million rupees at the earliest, a top finance ministry official said on Wednesday.
"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 200 million rupees of service tax.
(Reporting by Manoj Kumar; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
Trending On Reuters
The government plans to raise about 891.2 billion rupees ($14.4 billion) by reducing its stakes in state-run banks to 52 percent, the junior finance minister said on Friday, sending shares of state lenders higher. Full Article
Forever21 sets sights on Indian cities, but please hold the hot pants Full Article
Japan inflation slows in October, output and spending show signs of recovery Full Article