JetLite gets Rs100 crore tax notice

Mumbai: JetLite-(India)-Ltd, the low-fare subsidiary of Jet Airways (India) Ltd, has been asked to appear before the government for non-payment of at least Rs100 crore in service tax.
Last year, Jet Airways acquired Air Sahara from the Sahara group and rebranded it JetLite.
The Directorate General of Central Excise Intelligence has asked JetLite’s directors to appear before it on 23 June, according to a person familiar with the development, who did not want to be identified.
Jet Airways’ board of directors is slated to meet on 24 June to consider the company’s audited financial results for the fourth quarter and the fiscal year ended 31 March.
“A summons was issued to JetLite director Victoriano P. Dungca and others on the non-payment of service tax,” confirmed a senior official of the directorate.
“We resorted to a summons as the JetLite management failed to give a cogent reply to our queries. The claim is over Rs100 crore and we have sent similar notices to other directors of JetLite,” the official added, asking not to be identified as he is not authorized to speak with the media.
17/06/08 P.R. Sanjai/Livemint

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Categories: JetLite Jun 2008