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BreakingCentral Government to Borrow ₹7.9 Lakh Crore in Second Half FY241/6
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Bombay HC Quashes ₹79.7 Cr GST Demand on Karan Johar Firms; Rules Films Not IT Software
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Taxation

Bombay HC Quashes ₹79.7 Cr GST Demand on Karan Johar Firms; Rules Films Not IT Software

The Bombay High Court has overturned a Goods and Services Tax (GST) demand of ₹79.7 crore against two firms owned by Karan Johar, Dharma Productions Pvt Ltd and Dharma Cornerstone Agency LLP. The court ruled that the GST department's classification of film production and distribution services as 'IT software' was incorrect, affirming that films are artistic works, not technology products.

4h ago·2 min readListen
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