MB denies the Allegation!
A few days back, Tollywood Industry was shocked on the circular against actor Mahesh Babu, which mentions the star’s ignorance on tax payment. The circular went viral on social media, where many started to question about the star’s stand on the issue. The news took rage after the delay of the counter message from the star.
Now here comes the clarification from actor Maheshbabu’s side, which mentions that The GST commisionerate of Hyderabad attached the star’s bank account for a disputed tax demand of rs.18.5 lakh claiming Rs.73.5 lakh towards tax interest and the penalty for brand ambassador services rendered in 2007-2008, which was not taxable service. The brand ambassador was brought by the stature of insertion of section 65(105) with the effect from 1-7-2010.
It is also mentioned that, the department as exhibited the issue, when several judicial pronouncements on the issue are in favo\r of the taxpayer.