The revenue department is working on a
comprehensive plan to recover tax dues from debt-ridden Kingfisher Airlines
(KFA), which owes more than Rs. 200 crore to the
exchequer, a top finance ministry official said on Tuesday.
"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 comprehensive plan to recover tax dues," CBEC chairman Praveen
Mahajan told reporters on the sidelines of an event organised by industry body
CII in New Delhi.
Kingfisher
Airlines, which has been making losses since its inception in 2005, owes more
than Rs. 200 crore in taxes to
the government.
Mahajan
further said, "We have already frozen KFA's accounts. Whatever is there in
service tax act, we have taken all the actions because this is in our interest
also."
When
asked whether the CBEC is contemplating prosecuting KFA, Mahajan said,
"Prosecution also might happen...But everything takes time. There are
different steps you have to take before you prosecute some body."
The
CBEC chief indicated that the revenue department might talk to aviation
regulator DGCA as the beleaguered airlines is likely to submit a comprehensive
revival plan to DGCA by this month-end.
"Finance
minister P Chidambaram has told CBDT and CBEC to get together and plan it out
and whether it invloves talking to regulator or whatever," she said.
Answering
questions on revenue collection, Mahajan expressed confidence that the
government will be able to meet indirect tax realisation target of Rs. 5.05 lakh crore for
2012-13. The indirect taxes during April-September rose by 15.6% to Rs. 2.17 lakh crore as
against the annual target of 27%.
"Tax
collection is doing better. We are hopeful of meeting the target. Service tax
collection growth is already more than 35%," she said.
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