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Tag: online gaming tax

Online gaming companies get ₹1 lakh crore GST show cause notices so far

Posted on October 25, 2023 By admin
Online gaming companies get ₹1 lakh crore GST show cause notices so far

 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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Business

“Don’t Impose GST On Online Gaming Retrospectively”: Fantasy Sports Body

Posted on October 4, 2023 By admin
“Don’t Impose GST On Online Gaming Retrospectively”: Fantasy Sports Body

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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Nation

GST Council sticks to its guns, imposes 28% tax on online gaming 

Posted on August 2, 2023 By admin
GST Council sticks to its guns, imposes 28% tax on online gaming 

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…

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