Cinematographic film not IT software under GST: HC; quashes Rs 79 cr tax demand on Karan Johar firms
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3 Articles
Cinematographic film not IT software under GST: HC; quashes Rs 79 cr tax demand on Karan Johar firms
Bombay High Court maintained that a cinematographic film is not IT software under GST law regardless of its method of delivery. The court set aside a tax demand of over Rs 79.7 crore from Karan Johar's two production companies after stating that the transactions as licensing of IT software under Services Accounting Code (SAC) 998340, attracting 18 per cent Goods and Services Tax (GST).
HC QUASHES RS. 80 CRORE GST DEMAND ON KARAN JOHAR’S FILM LICENSING | 24 September, 2026 - Film Information
The licensing of copyright in a film by its producer or original copyright holder is not information technology software under the Goods and Services Tax (GST) Act, whether delivered via a digital link or a hard disk. Stating this, the Bombay high court set aside a GST demand of around Rs. 80 crore plus interest […]
Karan Johar's companies have received a major relief. In fact, tax demands of over ₹79.7 crore against the companies have been quashed. Let's find out what the entire matter is.
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