Income-tax department officials conducted raids on Mythri Movie Makers’ office and residence for allegedly violating GST rules and furnishing wrong details in their IT returns.
The latest update is that the raids went on Monday midnight and are likely to continue on Tuesday as well.
Usually, such raids are conducted by local teams and they levy some fines and leave. But this time the IT teams have come from Delhi to conduct raids, which is quite surprising.
The hot discussion in the industry circles is who tipped the IT department in Delhi? Who’s behind these IT raids? What’s the reason that the IT team had to come from Delhi to conduct these raids which could have been done by the local IT department?
These raids come at a time when Mythri Movies producers are gearing up for two big Telugu films, Waltair Veerayya and Veera Simha Reddy, for Sankranthi. They are already racing against time to release the films on time. Such raids at this crucial period are causing an additional headache for Mythri.
Mythri Movies have worked with the biggest of stars and are continuing to launch many more big projects with big stars. they are even contemplating producing movies in Bollywood as well. They are also famous for paying the highest remunerations to stars. Mythri Movie Makers opened their distribution office also recently in Nizam.
