Jet Airways owes Service Tax Department Rs260cr

Jet Airways owes Rs 260 crore to the Service Tax Department. Mint's PR Sanjai reports that no service tax had been paid on import of services for the past three years. Jet has now been asked to pay Rs 247.47 crore as tax for FY06-FY08, with interest. Jet Airways’ officials confirmed that they have received a show-cause notice from Service Tax Department.