New Delhi, Nov 20:
The tax department is working on a comprehensive plan to recover dues
from Kingfisher Airlines. It is estimated that the suspended carrier owes over
Rs 200 crore to tax authorities.
Chairman of the Central Board of Excise and Customs (CBEC) 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.
Revival plan likely
Mahajan further said, “We have already frozen KFA’s accounts. Whatever
is there in the service tax act, we have taken all the actions 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.
The CBEC chief indicated that the Revenue Department might talk to
aviation regulator DGCA as the beleaguered airline 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 involves talking to the regulator or whatever,” she said.
Answering questions on revenue collection, Mahajan expressed confidence
that the Government will be able to meet the indirect tax target of Rs 5.05 lakh
crore for 2012-13. Indirect tax collections during April-September rose by 15.6
per cent to Rs 2.17 lakh crore as against the annual target growth of 27 per
cent. “Tax collection is doing better. We are hopeful of meeting the target.
Service tax collection growth is already more than 35 per cent,” she said
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