Indiaherald Group of Publishers P LIMITED

X
close save
crop image
x
TM
Sat, Jan 19, 2019 | Last Updated 8:01 am IST

Menu &Sections

Search

Mahesh Baby's Bank accounts seized to retrieve tax of Rs 73.5 lakh

Mahesh Baby's Bank accounts seized to retrieve tax of Rs 73.5 lakh
Mahesh Baby's Bank accounts seized to retrieve tax of Rs 73.5 lakh
http://apherald-nkywabj.stackpathdns.com/images/appleiconAPH72x72.png apherald.com

Hyderabad sources reported that Hyderabad’s Goods & Service Tax (GST) Commissionerate has attached two bank accounts of Tollywood actor G. Mahesh Babu for failing to pay service tax of Rs 18.5 lakh for the financial year 2007-08. Reportedly the accounts were seized to retrieve tax of Rs 73.5 lakh which includes the interest and penalty.



Recently the actor was seen in Bharat Ane Nenu, has reportedly not paid GST on services provided by him as brand ambassador/appearance money and advertising for promotion of products. Perhaps the total tax due from him was Rs 18.5 lakh. Previously the authorities of GST department attached his bank account in Axis Bank and ICICI Bank for an amount of Rs 73.5 lakh which includes tax, interest and penalty.

Mahesh Baby

Moreover the Central Board of Direct Taxes (CBDT) regards actors, cameramen, directors/assistant directors, music directors/assistant music directors, art directors/assistant art directors as professionals. Hence as per Notification No. 12, services by an artiste performing folk or classical art forms of music, dance or theatre is not charged GST, if the consideration charged for such performance is not more than Rs 1,50,000.  Furthermore for other forms of art or where consideration exceeds Rs 1,50,000, Central GST and State GST/UTGST are charged at 9% each (aggregating to 18%) and IGST rate is 18%.


Mahesh Baby's Bank accounts seized to retrieve tax of Rs 73.5 lakh
5/ 5 - (1 votes)
Add To Favourite
More from author
Reliance Jio Net Profit jumped to 65%
Arun Jaitley to increase Income Tax Slabs Tax Rate
Ola Money Postpaid offers a 15 day credit line to passengers
Chill breeze to prolong for 4 days in Tamilnadu
DMK Chief MK Stalin to attend Mamata Banerjee's Party meet on January 19
Low cost Airline Scoot to adds 3 new South Indian cities
Telangana new Assembly session begins with new Speaker
Dinakaran suspects Edappadi Palanisamy!
Viswasam receives police appreciation!
Ajith fan dies when seeing movie!
Chennai kid is youngest grandmaster!
New I-T return filling system be developed by Infosys
TN Police Department issued instructions to create WhatsApp group for every police station
PM Narendra Modi inaugurated Vibrant Gujarat Global Trade Show in Gandhinagar
PM Modi may keep door open, but no party is prepared to go inside in Tamilnadu
What will be Pawan's stand at national level?
West Zone Party Office opened by Kamal Hassan in Pollachi
Trump nominated three Indian Americans to key administration positions
Nationwide probe launched to nab main perpetrators in QNet scam
Indian Railways linked its locomotives via ISRO satellites
Jallikattu opening day Festival begins with 500 Bulls in Tamilnadu
Will Indra Nooyi become World Bank President?
Yogi Adityanath record spending on festival!
Dhoni's unexpected anger on field!
Supreme Court hearing on Interim CBI chief!
Is YS Jagan is allying with KCR to form Andhra Drohula Front?
Indra Nooyi been courted as an administration ally by Ivanka Trump
How to Copy in Exams? Ad went viral in WhatsApp
Why Shashi Tharoor not allowed into Sree Padmanabhaswamy temple in Kerala with PM Modi?
2 Young Women decided to contest Telangana Panchayat Polls
2.0 s costumes, Robot Models exhibited at Chennai Island Grounds
Vishal confirms his wedding with Hyderabad based Businessman daughter
2 Women who unsuccessfully attempted to enter Sabarimala temple begins hunger strike
Flight operations at Bengaluru airport to face disruptions from February 14 to 24
Why YS Jagan Sister made a complaint with Hyderabad Police?
Mahesh Kathi comes with another controversy with Pawan Kalyan
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.