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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…
Read More “Online gaming companies get ₹1 lakh crore GST show cause notices so far” »
Indian tax authorities have demanded approximately $150 million from Dream11 for alleged underpayment of taxes during the years 2017-2019. | Photo Credit: Varun Krishan The Story So Far: On September 12, tax authorities issued notices giving Dream11 30 days to explain why it should not be required to pay a shortfall of 2.1 billion rupees…
Read More “Why Dream11 filed a suit challenging India’s tax demands? | Explained” »
Image for representation purpose only. | Photo Credit: Reuters The Finance Ministry has notified October 1 as the date for implementation of the amended GST law provisions for taxing e-gaming, casinos and horse racing. According to the changes to the Central GST Act, these supplies will henceforth be treated as “actionable claims” similar to lottery,…
Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax (GST) Council Meeting, in New Delhi, on August 2, 2023. | Photo Credit: PTI The GST Council on August 2 blinked a little on technicalities and kept the door open for…
Read More “GST Council sticks to its guns, imposes 28% tax on online gaming ” »