Non-payment of service tax: Revenue Dept freezes accounts of Jet Airways

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The revenue department today froze accounts of Jet Airways for non-payment of service tax.

After freezing the bank accounts of beleaguered Kingfisher Airlines, the service tax department had served a notice to Jet to pay up about Rs 69 crore as dues soon or face similar consequences - the airline had put Monday down as the deadline.

Jet Airways has not paid a total of about Rs 69 crore worth of dues for January and February which they collected during this period, official sources said.

The amount was to have been paid by March 6, they said, adding that if they did not reply to the notice soon: "We will have to go for freezing of their accounts. We have to talk to the banks in the process of assessing the number of accounts they have."

Jet Airways posted a loss of Rs 101.22 crore in the third quarter ending December 31 last year, as higher fuel prices, lower fares and rupee depreciation continued to hurt the company.