April 4, 2012
Indian tax authorities have asked debt-laden Kingfisher Airlines to clear service tax dues of INR600 million rupees (USD$11.84 million) at the earliest, a top finance ministry official said on Wednesday.
"There is no question of leeway to Kingfisher on payment of service tax," S.K. Goel, chairman of India's Central Board of Excise and Customs, told reporters.
Goel also said the airline's bank accounts have been unfrozen.
Kingfisher's billionaire chairman Vijay Mallya told its employees earlier this week that the company had paid INR200 million rupees of service tax.
