Kingfisher asked to pay dues of 600 mln rupees

NEW DELHI Wed Apr 4, 2012 2:24pm IST

A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport March 27, 2012. REUTERS/Vivek Prakash

A passenger walks past a near-empty Kingfisher airlines ticketing office at Mumbai's domestic airport March 27, 2012.

Credit: Reuters/Vivek Prakash

Related Topics

Stocks

   

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)

FILED UNDER:

Monetary Policy Committee

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

Insurance Sector

Insurance Sector

UK healthcare firm Bupa sees strong growth in India  Full Article 

Sensex Rises

Sensex Rises

Sensex edges up; consumer and healthcare stocks rise  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

Indian Ocean Diplomacy

Indian Ocean Diplomacy

PM Modi to ramp up help for Indian Ocean nations to counter China influence  Full Article 

ECB Bond-Buying

ECB Bond-Buying

ECB raises growth forecasts, to start printing money next week  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Pharma Sector

Pharma Sector

Panel recommends waiving late-stage trials for some drugs  Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage