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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Service Tax »
 How to get registered under goods and services tax
 Service Tax can’t be Levied on Activity of Collection of VAT on behalf of Commercial Tax Dept
 Why you should worry about June 15 advance tax date
 Five reasons why you should start your investments in tax saving funds now
 Income Tax Department Releases All 7 ITR Forms Check Details About New IT Forms
 Income tax benefits for senior citizens: Here is all you need to know in brief
 12 ways to avoid paying more for bank services
 I-T return filing: Income Tax offices, Ayakar Seva Kendras to remain open from March 29-31
 Top 5 money matters you must settle before March 31 From income tax returns to LTCG,
 Steep fines for missing March 31 income tax deadline
 CBEC clears some air on refunds under GST, central excise, service tax laws

Of unpaid service tax dues and pending pleasa
March, 10th 2016

The Service Tax department had filed an application last week asking the Bombay High Court to impound the passport of industrialist Vijay Mallya in light of pending cases on recovery of government dues.

The application filed a week ago was mentioned on Wednesday before Justice C V Bhadang, who said the petition will be heard on Friday. The service tax department’s petition comes close on the heels of the development at Supreme Court, where a consortium of PSU banks appealed that Mr Mallya be not allowed to leave India.

According to the department’s application Mr Mallya owes Rs 32.68 crore as service tax collected from passengers of the Kingfisher Airlines. This is the admitted liability of the airline. The amount allegedly was not deposited with the government treasury, which is a violation of Section 89 (1) (d) of the Finance Act, 1994.

While Mr Mallya is believed to have left the country, the petition cautions that his departure without paying the dues to the government would be a “travesty of justice.” In their plea, the department has expressed the apprehension that since Mr Mallya’s Rajya Sabha term expires on June 30, 2016, he may not return to India.

The Service Tax department had first petitioned the High Court in 2015, challenging an order of the Metropolitan Magistrate, the same year, granting bail to Mr Mallya in a cheating case. This application has been pending for a year.

Service tax officials also launched two prosecutions against the liquor baron at the magistrate’s court, for alleged unpaid dues of Rs. 56 crore. In 2014, Mr. Mallya had sought exemption from court appearance in these cases. The cases pertain to service tax dues from April 2011 to March 2012 and from April 2012 to September 2012. The magistrate had passed an order for physical appearance on March 3, 2016. The cases are likely to be heard next on April 6. Former Kingfisher CEO Sanjay Aggarwal and former CFO A Raghunathan are also accused in the case along with Mr Mallya.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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