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A host of online gaming, like Dream11, and casino operator, like Delta Corp, have received GST show cause notices last month for alleged short payment of taxes. File. | Photo Credit: Reuters GST authorities have issued show cause notices worth ₹1 lakh crore to online gaming companies for tax evasion so far, a senior official…
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The GST Council decided to clarify levy of 28 per cent GST on online gaming platforms New Delhi: As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and…
Read More “28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre” »
A senior official said the government is open to looking into the progress after some time. New Delhi: The Federation of Indian Fantasy Sports (FIFS) on Wednesday urged the government not to impose a 28% GST on online gaming with retrospective effect, as it is discouraging investors from putting their money into this booming industry….
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Offices of Mahadev app were raided by the ED last month. Actor Ranbir Kapoor has been summoned by the Enforcement Directorate (ED) in connection with a case involving the Mahadev Gaming App. The agency is investigating alleged money laundering in the online betting app, which is illegal in India, that is being run by two…
Read More “All About Promoters, Modus Operandi And Money Laundering Allegations” »
The online gaming sector will be impacted by the new rules. (Representational Pic) Starting October 1, several new rules will come into effect. These rules, which will affect the daily lives of people, range from changes to the use of birth certificates to the implementation of the new TCS (tax collected at source) rule. Therefore,…
Image for representation purpose only. | Photo Credit: Reuters The government on September 6 notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax. The Ministry of Finance notified amendments to Central GST law for calculating value of supply in case of…
Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council, at its 50th meeting on July 11, reduced or clarified the tax rate on…
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