The total tax due from him was Rs 18.5 lakh and the GST department has attached his bank accounts for an amount of Rs 73.5 lakh which includes tax, interest and penalty.

Actor Mahesh Babus bank accounts frozen by GST department over tax dues
news Tax Friday, December 28, 2018 - 07:53

The bank accounts of Telugu actor Mahesh Babu were attached by the Goods and Services Tax department on Thursday after the government said that it had to recover service tax dues from him. The Hyderabad GST Commissionarate, in a press release, said that the Service Tax for 2007-08 for services which the actor rendered, like appearance money, advertising, promoting products and brand ambassador among others, which are taxable, were not paid.

"The total tax due from him was Rs 1.85 million or Rs 18.5 lakh. The GST department has attached his bank accounts in Axis Bank and ICICI Bank for an amount of Rs 7.35 million (Rs 73.5 lakh), which includes tax, interest and penalty. We have attached the bank accounts and started recovering... We have recovered Rs 4.2 million (Rs 42 lakh) from Axis Bank today. Balance, ICICI bank has to pay by on Friday," the press release stated.

The 43-year-old actor, who can't operate his bank accounts until the tax dues are settled, is yet to issue a statement clarifying his stand on the issue. 

At present, the popular actor is busy with shooting for Maharshi. Directed by Vamsi Paidipally, Maharshi is bankrolled jointly by Dil Raju, Ashwini Dutt and PVP. It is a high budget project with a major portion of it being shot in the United States. The film is about three friends played by Mahesh Babu, Allari Naresh and Pooja Hegde. It will also have veteran actor Jayapradha playing a pivotal role.

Being his 25th film, Maharshi is a very important project in Mahesh Babu’s career. Originally planned as a Sankranthi release, Maharshi will now hit the marquee on April 9 next year.   

Soon after he is done with Maharshi, the star will be joining hands with director Sukumar for a new project.

 

Inputs from Digital Native

 

Show us some love and support our journalism by becoming a TNM Member - Click here.