Top Telugu film producer booked for Rs 7 Crores GST evasion

Top Telugu film producer booked for Rs 7 Crores GST evasionIn a first such case after the GST came into being, a top Telugu film producer, who recently produced three blockbusters, is in the dock for allegedly evading tax to the tune of Rs. 7 Cr. He is said to have collected the same  from his clients and customers.

When the investigation wing of the Hyderabad GST Commissionerate (Central Tax)  investigated the producer, he accepted his mistake.  The sources revealed that  he paid Rs 2 Cr on spot and sought another 10 days time to repay the balance amount. Hyderabad GST Commissionerate revealed that the 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 producing three  hit movies since July 2017.

 Earlier,  the notices were served on the producer to appear before the department and to submit  the relevant documents indicating the cost of production, remuneration paid to artistes and other technicians.

 The sources said, “The non-bailable warrant along the five years of imprisonment can be imposed in such cases, if he does not cough up the tax due with penal interest within a week. “  It has been widely speculated to be noted producer and distributor Dil Raju but  his team denied the allegations.