Top Tollywood producer who scored back to back hits in the recent times has been under scanner for evading Rs 7 crores GST. The top producer is said to have collected the taxes from his clients on time. Hyderabad GST Commissionerate of Central Tax investigated the top producer after which he admitted the mistake. Sources revealed that he paid Rs 2 crores on spot and urged 10 days time to pay the balance amount.
Right after he admitted about the evasion, a statement has been recorded and he was summoned. The top producer is said to have produced three back to back blockbusters in the recent times. A top official from the Hyderabad GST Commissionerate revealed that this producer has not been paying GST from the past seven months despite of collecting them from his clients. Their investigation revealed that the producer spent over Rs 60 crores in these months on film production. Stringent action will be taken on those who collect GST from their clients and ignore paying it back to the government revealed an official.
A non-bailable warrant along the five years of imprisonment can be imposed in such cases. Though it has been widely speculated to be Dil Raju, his team denied the allegations saying that Raju has been clean and clear in paying the taxes.
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