Asia/Pacific

CBEC SENDS NOTICE TO KINGFISHER FOR NOT PAYING TAX ON SPONSORSHIP

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CBEC SENDS NOTICE TO KINGFISHER FOR NOT PAYING TAX ON SPONSORSHIP

The Indian Central Board of Excise and Customs (CBEC) has issued show-cause notices to Kingfisher Airlines for not paying service tax related to their sponsorship of the Indian Premier League (IPL).

Kingfisher owns the Royal Challengers Bangalore and is also a co-sponsor of the Delhi Daredevils. A show-cause notice is not an indictment, but seeks an explanation from a company, typically within a month for non-payment.

A spokesperson for UB Group, the parent of Kingfisher Airlines, said to local media that the company has filed an appeal and refused to comment further.