Thu, Jun 14, 2018
The minimum bid value for the action has been kept around Rs 12 crore. The buyer will also have to pay an additional 28 per cent GST charge on the auction amount. In December 2013, the Kingfisher airlines jet was seized by the service tax department as the airliner was not paying its dues. However, efforts to sell the jet failed as it didn't receive a bid at the auction.
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