AI's Rs 100-cr shame: Bank accounts frozen for tax default

December 08, 2011 12:47

Just in: The Central tax authorities have frozen the bank accounts of national carrier Air India for non-payment of service tax. AI says some payments will be made today.

The service tax department has also frozen the bank accounts of Kingfisher Airlines. While the AI owes the department approximately Rs 100 crore, Vijay Mallya's airline owes approximately Rs 70 crore. This effectively means that while both the companies collected the service tax on the air tickets they sold from their customers, they did not deposit it with the department.

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