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133 companies owe over Rs 3,39,704 cr to exchequer: Arun Jaitley

He said the outstanding corporate dues are not realisable

Press Trust of India  |  New Delhi 

Finance Minister Arun Jaitley
Finance Minister Arun Jaitley

A total of 133 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, the government said on Tuesday.

In a written reply to the Rajya Sabha, Minister said, "The number of 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 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.

First Published: Wed, July 26 2017. 03:13 IST