Mumbai: SpiceJet owes about Rs 200 crore to the Airports Authority of
India (AAI) and various tax authorities as adverse operating environment
has impacted its performance. The dues include Rs 110 crore outstanding
to AAI, disclosed by the civil aviation ministry last week.
The matter came to light after anxious airline employees wrote to the management last week about not receiving TDS (tax deducted at source) certificates for the purpose of filing tax returns. On Tuesday, SpiceJet said it could not discuss the issue about pending dues as it is “privileged and confidential information”. Notably, the airline’s auditor had last year observed delays in depositing of tax dues.
In their audit report for FY13, S R Batliboi & Associates, which audited the airline’s accounts, said SpiceJet was not regularly depositing “undisputed statutory dues” including TDS, value-added tax and service tax, and that there have been delays in a large number of cases.
Read news in full 30/04/14 Business Standard
The matter came to light after anxious airline employees wrote to the management last week about not receiving TDS (tax deducted at source) certificates for the purpose of filing tax returns. On Tuesday, SpiceJet said it could not discuss the issue about pending dues as it is “privileged and confidential information”. Notably, the airline’s auditor had last year observed delays in depositing of tax dues.
In their audit report for FY13, S R Batliboi & Associates, which audited the airline’s accounts, said SpiceJet was not regularly depositing “undisputed statutory dues” including TDS, value-added tax and service tax, and that there have been delays in a large number of cases.
Read news in full 30/04/14 Business Standard
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