• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

133 companies owe over Rs 3,39,704 cr to govt exchequer: Jaitley informs RS

By PTI
|

New Delhi, Jul 25: Finance Minister Arun Jaitley on Tuesday informed the Rajya Sabha that a total of 133 companies with outstanding dues of Rs 500 crore or more under direct and indirect taxes owed over Rs 3,39,704 crore approximately to the exchequer as on March 31, 2017.

Finance Minister Arun Jaitley

In a written reply to the Rajya Sabha, Jaitley said, "The number of companies with outstanding corporate tax dues of Rs 500 crore or more is 132 as on March 31, 2017, involving total dues of Rs 3,38,098 crore."

Jaitley further said there is one case of service tax in which the amount due is Rs 1,606.26 crore (and an equal amount of penalty).

The minister, however, added that out of the outstanding corporate dues, Rs 2,45,480 crore were not realisable. Elaborating, Jaitley said the outstanding corporate dues not realisable include demand covered by stay (Rs 1,20,604 crore), no asset or inadequate assets for recovery (Rs 84,469 crore) and company under liquidation (Rs 30,532 crore), among others.

The higher value cases are monitored regularly and all possible steps are being taken for speedy recovery, he added.

PTI

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more