Kingfisher bank accounts frozen

March 03, 2012 17:03
Kingfisher bank accounts frozen

The Service Tax department of the Central Government has frozen 40 bank accounts of the beleaguered Kingfisher Airlines for not paying its dues.

Service Tax Commissioner of the Mumbai region Mr S.K. Solanki told media persons today they have frozen the accounts in the last two days as the airline management could not meet the deadline of Feb 29 for payment of dues.

This is the fourth time the bank accounts of the Kingfisher Airlines were frozen by various central government agencies in the last four months for non-payment of various taxes.

Kingfisher owes more than Rs.70 Cr to the services tax department which functions under the aegis of the Excise and Customs Ministry of the Central government. (J)

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