Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: VAT RATES :: articles on VAT and GST in India :: list of goods taxed at 4% :: TDS :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: cpt :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
Service Tax »
 GDP may slow down if GST implemented in hurry: Tax officials
 Goods and Services Tax: Beyond audit & scrutiny, dual control still a grey area
 India to levy service tax on freight for imports on delivered basis
 Income tax relief must be blended with additional tax measures
 9th GST Council inks breakthrough on dual control over tax payers, rollout deferred to July 1, 2017
 GST rollout uncertainty hits Budget 2017 calculations
 GST now set for July 1 roll-out, dual control hurdle finally over
 Grant of Registration under DVAT and CST
 Do not raise service tax, says Chamber
 Excise, service taxpayers to migrate to GST portal by Jan 31
 Centre, state governments work on formula for 'GST on high seas'

Kingfisher Airlines fails to pay Dec service tax dues by Jan 6 deadline
January, 07th 2012

Debt-ridden Kingfisher Airlines today failed to pay its service tax dues for December, which could lead to freezing of its bank accounts once again, a senior Finance Ministry official said.

"Kingfisher Airlines paid Rs 10 crore (April-November) arrears. We are still awaiting payment of the December dues," the official told PTI.

Last month, the Central Board of Excise and Customs (CBEC) had frozen 10 accounts of Kingfisher for allegedly defaulting on payment of service tax it collected from passengers. The accounts were de-frozen within a week after it made part-payment of the dues.

Kingfisher had also given a written undertaking to pay the remaining dues toward service tax by March 31 this year.

The airline had earlier paid about Rs 9 crore toward its service tax dues for November. Apart from the monthly dues, it also owes about Rs 110 crore in service tax to the exchequer for the April-November period.

Earlier this week, the CBEC had asked Kingfisher to pay service tax for December by January 6 or face action, including freezing of its bank accounts, attachment of properties and imposition of additional penalties.

"The airline collects service tax from passengers. It cannot keep this in its accounts. Service tax for a month can be paid to the government by the fifth or sixth of next month," CBEC Chairman S K Goel had recently said, warning that the "law will take its course" if the airline does not pay by the scheduled date.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Bath SEO Company Birmingham SEO Company Bradford SEO Company Brighton and Hove SEO Company Bristol SEO Company Cambridge SEO Company Canterbury SEO Company Carlisle SEO Company Chester SEO Company Chichester SEO Company Coventry SEO Compan

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions