The Tax Department intends to a work out a detailed plan to recover tax dues from the suspended Kingfisher Airlines. It is estimated that the airline owes over Rs 200 crore to tax authorities.
The Central Board of Excise and Custom (CBEC) Chairperson Praveen Mahajan said, “As a matter of fact, both Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) have quantified the amount which Kingfisher owe to the Government and we will be making out a comprehensive plan to recover tax dues.” She was talking to reporters on the sidelines of an event organised by industry body CII here.
Mahajan further said, “We have already frozen KFA’s accounts. Whatever is there in Service Tax Act, we have taken all the action because this is in our interest also.” She did not rule out prosecution but clarified that it will take time. “There are different steps you have to take before you prosecute somebody,” she added.
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