Mumabi: Cash-strapped Kingfisher Airlines, which has massively cut down operations including completely winding up international services, has agreed to pay only up to Rs 10 crore of its Rs 76-crore service tax dues this fiscal, a top Government official has said.
The beleaguered airline, which has faced stern warnings from the regulator DGCA and Aviation Ministry for failing to come up a with workable flight schedule and revival plan, owes Rs 76 crore in service tax arrears which it has already collected from passengers.
"Kingfisher has dues to the tune of Rs 76 crore; we are talking to them. They will be depositing about Rs 10 crore this month," Central Board of Excise and Customs (CBEC) Chairman S K Goel told PTI here over the weekend.
"They have told us that they are going through a cash- crunch and needs some more time to pay up."
Goel said that as per their talks, the Vijay Mallya- promoted airline will pay only Rs 5 to 10 crore of its dues before the end of the fiscal but the private carrier should not worry about any immediate penal action.
He said the Service Tax department has been freezing Kingfisher's bank accounts since October due to the non- payment. As of now it has frozen as many as 40 accounts.
25/03/12 Press Trust of India/Business Standard
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