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Top Producers Paid 2 Cr, Will Clear Balance In 10 Days

Posted : February 22, 2018 at 12:25 pm IST by ManaTeluguMovies

With the arrival of GST, Goods and Services Tax, many filmmakers are facing the music from IT sleuths in case if they fail to file tax returns and pay GST amount on time to the government. A leading English daily today published a story about one such top Telugu producer who failed to pay GST on time.

According to the to the report, a top Telugu producer who has duly collected GST from his actors, technicians and other clients has failed to pay the same to the government. After raiding his office recently, GST Commissionerate (Central Tax) detected that he has evaded nearly 7 crores tax. However, the producer is quick to admit about the evasion and paid 2 crores on the spot. He sought another 10 days time to pay the balance dues.

It is written in the news article that the company of the producer spent 60 crores in making three films since July 2017 and all the three went on to become super hits. Though the production house collected GST in this entire period they have failed to pay it to the government for at least 7 months.

Evading GST of more than 5 crores will be treated as an offence and the offender has to pay 100% penalty with 18% interest as well. Seems like the producer is paying the same.


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