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Telugu superstar Mahesh Babu’s bank accounts seized over tax dues

 Mahesh Babu has skipped the Service tax during 2007-08 for the taxable services he has offered as the brand ambassador, appearance money and advertising during this tenure.

India TV Entertainment Desk Written by: India TV Entertainment Desk
New Delhi Published on: December 28, 2018 9:02 IST
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Telugu superstar Mahesh Babu’s bank accounts seized over tax dues 

Telugu superstar Mahesh Babu’s bank accounts have been seized due to failure of payment of service tax. The Goods and Service Tax department on Thursday said that is has attached the bank account of the actor to recover service tax dues from him. As per the press released issued by the Hyderabad GST Commissionerate, Mahesh Babu has skipped the Service tax during 2007-08 for the taxable services he has offered as the brand ambassador, appearance money and advertising during this tenure.

"The total tax due from him was Rs 18.5 lakh. Today the GST department has attached his bank accounts in Axis Bank and ICICI Bank for an amount of Rs 73.5 lakhs which includes tax, interest and penalty,” it said.

When contacted, 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 Rs 42 lakh from Axis Bank today. Balance, ICICI bank has to pay by tomorrow otherwise action will be taken against ICICI Bank. Under section 74 of the Finance Act 1994, the bank is responsible for payment,” sources told PTI

Mahesh Babu cannot use his bank accounts until the tax dues are settled with the GST department.

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