Mahesh Babu Clears Pending Tax Dues

Less than 24 hours after releasing a Press Note saying that he has no Tax Obligation to the Government, Superstar Mahesh Babu backtracked and cleared the total due. Attaching two of his Bank Accounts, the GST Commissionerate in Hyderabad already recovered 42.96 Lakhs and the actor decided to clear the rest of the amount.

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The actor sent a DD of 31,47,994 Rupees, the Balance Amount to the Department through his Auditor. With this, the entire Tax due, Penalty, and Interest of 73.5 Lakh Rupees is cleared. This is the amount due since 2007-08 as Mahesh reportedly did not pay the service tax on remuneration he got for endorsing several products.

Mahesh Babu approached the Central Excise and Service Tax Tribunal and the High Court later arguing that his services do not come under the Tax Ambit. But he did not get relief there. Finally, he decided to end the controversy amicably. Mahesh Babu is currently in Dubai along with his family to celebrate the New Year.