Mahesh Babu clarifies on bank account seized “I Have No Undisputed Tax Payable”

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Telugu superstar Mahesh Babu was recently in the news for all the wrong reasons as the actor’s bank account have been sezied by The Goods and Services Tax department over non-payment of service tax.

Mahesh Babu clarifies

According to a press release issued by the Hyderabad GST Commissionarate, Mahesh Babu has not paid the 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 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.

Mahesh Babu clarifies

Now, the actor pointed out that the brand ambassador services were not taxable as the same were brought in the statute book only in 2010.

“The GST commissionerate, Hyderabad has carried out the attachment without notice when several judicial pronouncements on this issue are in favour of the taxpayer and more so when the dispute is pending before the high court,” said the statement from Mahesh Babu’s team.

Read also:

South superstar Mahesh Babu’s bank account seized after he failed to pay tax

On the work front, the actor will soon seen in the film Maharshi and Samraat.