Actor Mahesh Babu's bank accounts frozen over tax dues
TNN | Dec 28, 2018, 07:50 IST
File photo of actor Mahesh Babu.HYDERABAD: The Goods and Services Tax department has attached the bank accounts of Telugu superstar Mahesh Babu to recover service tax dues from him.
According to a press release issued by the Hyderabad GST Commissionerate on Thursday, Mahesh Babu did not pay service tax during 2007-08 for the taxable services he rendered as brand ambassador, appearance money and advertising for promotion of products among others.
"The total tax due from him is 18.5 lakh. Today the GST department has attached his bank accounts in Axis Bank and ICICI Bank for an amount of 73.5 lakh which includes tax, interest and penalty," the release said.
A senior official of the GST department said Mahesh Babu failed to get any reprieve from any appellate authority on this issue. "We have attached the bank accounts and started recovering.. We have recovered 42 lakh from Axis Bank today. Balance, ICICI bank has to pay by tomorrow," the commissionerate said. They further said the actor cannot operate the bank accounts until he settles the tax dues with the department.
According to a press release issued by the Hyderabad GST Commissionerate on Thursday, Mahesh Babu did not pay service tax during 2007-08 for the taxable services he rendered as brand ambassador, appearance money and advertising for promotion of products among others.
"The total tax due from him is 18.5 lakh. Today the GST department has attached his bank accounts in Axis Bank and ICICI Bank for an amount of 73.5 lakh which includes tax, interest and penalty," the release said.
A senior official of the GST department said Mahesh Babu failed to get any reprieve from any appellate authority on this issue. "We have attached the bank accounts and started recovering.. We have recovered 42 lakh from Axis Bank today. Balance, ICICI bank has to pay by tomorrow," the commissionerate said. They further said the actor cannot operate the bank accounts until he settles the tax dues with the department.
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