GST Shock to Tollywood Hero

Vastavam web: Mahesh Babu’s bank account has been seized. The accounts were seized to retrieve tax of Rs 73.5 lakh which includes the interest and penalty. Hyderabad’s Goods & Service Tax (GST) Commissionerate has attached the two bank accounts of Mahesh Babu for failing to pay service tax of Rs 18.5 lakh for the financial year 2007-2008.

Mahesh Babu has not paid GST on services provided by him as brand ambassador/appearance money and the advertising for the promotion of products. The total tax due from him was Rs 18.5 lakh. Recently the authorities of Goods & Service Tax (GST) department attached Mahesh Babu’s bank account in Axis Bank and ICICI Bank for an amount of Rs 73.5 lakh which includes tax, interest and penalty. According to the GST officials, Mahesh Babu cannot operate the bank accounts until he settles the tax dues with the GST department.