Tuesday, May 24, 2022
HomeAmitabhBollywood Star Amitabh Bachchan Pays $131k Tax After NFT Sale

Bollywood Star Amitabh Bachchan Pays $131k Tax After NFT Sale

Amitabh Bachchan, the beloved Bollywood film star, just got slapped with a $131k Integrated Goods and Services Tax. This comes after his successful NFT sale, receiving a total of $917k in revenue. Bachchan was served with the notice by Directorate General of Goods and Services Tax Intelligence. He quickly resolved it. However, the bill’s tax status is still under investigation.

The Integrated Goods and Services Tax is a standard 18% on inter-State supply of goods or services. According to the government agency, NFTs are included in this category.

Amitabh NFT
BigB Punks. Credit: BeyondLife.club

Amitabh Bachchan

Amitabh is known for his illustrious career in Hindi cinema. Previously, the 79 year old star has been an actor, producer, TV host, singer, and also a politician. He was basically THE MAN, dominating the Indian film industry during the 1970s, bagging awards left and right. He is now one of the largest NFT players in the country.

BigB Punks

Amitabh’s BigB Punks NFT collection consists of 1,672 hand drawn and randomly generated NFTs. This collection can be found on the Polygon Network and features the great Bollywood Star. Each NFT has different attributes such as style, attire and backgrounds. The collection includes some of the most memorable moments from the star.

The Bollywood star also has NFT collections, including Madhushala. This collection includes audios of poetry written by Amitabh’s dad. Amitabh recites the poems, keeping the emotion’s essence and authenticity. There are only 2 1 of 1 NFTs in this collection, both sold for around $700,000 collectively.

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Henry Hicks
Henry Hickshttps://nonfungibletalk.com
NFT and Crypto Enthusiast. Loves Travelling and Exploring the Metaverse!


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