Actor Amitabh Bachchan has paid up GST of Rs 1.09 crore on sale of non-fungible tokens (NFTs) worth Rs 7.15 crore following a notice by the Directorate General of Goods and Services Tax Intelligence (DGGI), people aware of the matter said.
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Though Bachchan has deposited the amount, investigations by tax authorities continue, they said. Bachchan had agreed with Rhiti Entertainment Pte. Ltd, Singapore, for conversion of his content into NFTs through an auction. These NFTs included a recital of Madhushala, a famous collection of poems written by his father, posters, and images, media reported.
Bachchan could not be reached for comment. The sale of NFT had fetched Rs 7.15 crore and would attract 18 per cent IGST. The tax liability from the sale is Rs 1.09 crore and deposited by the actor, people said.
