Mahesh Babu Bank Accounts Seized in Tax Avasion

Mahesh Babu, the superstar of the Tollywood film industry is currently busy on a vacation and here’s shocking news about him. It is now revealed that Mahesh Babu was involved in tax evasion. The GST commissioner has issued a press release over the same.

Mahesh Babu Account
Mahesh Babu Account

The press note read, “Attachment of Bank Account pertaining to Film Actor G. Mahesh Babu Hyderabad GST Commissionerate has attached bank accounts of famous film star Sri. G. Mahesh Babu today. The brief facts of the case are as follows:-Sri Mahesh Babu has not paid Service Tax during the period 2007-08 for the taxable services provided by him as brand ambassador/appearance money/and advertising for promotion of products etc. The total tax due from him was Rs. 18.5 Lakhs. 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.”

Mahesh Babu’s auditor is already on his job to settle the issue.

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