Supreme Court stays GST tax notices seeking ₹1.5 trillion from online gaming companies till final ruling
4 days, 23 hours ago

Supreme Court stays GST tax notices seeking ₹1.5 trillion from online gaming companies till final ruling

Live Mint  

The Supreme Court on Friday stayed all tax notices issued by the revenue department to online gaming companies, estimated at more than ₹1.5 trillion, on pleas by both parties and scheduled a hearing on the matter for 18 March. For example, notices issued by the Directorate General of GST Intelligence to online gaming companies related to FY18 will expire on 4 February 2025, making them invalid. "At the same time, it safeguards the interests of the revenue by ensuring that the demands do not become time-barred during litigation, preserving the scope for legal clarity.” Gaming companies including Games 24x7, Head Digital Works, Play Games 24x7 Pvt Ltd, Baazi Networks Pvt Ltd, and the E-Gaming Federation filed 51 writ petitions in the Supreme Court, challenging the imposition of GST on them. The gaming companies emphasised that the tax claims against online gaming companies far exceed their reported net revenue over the past five years, threatening to push the industry into bankruptcy.

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History of this topic

Supreme Court relief to online gaming companies on GST issue
4 days, 7 hours ago

Supreme Court relief to online gaming companies on GST issue

New Indian Express  

NEW DELHI: In a major relief to online gaming companies, the Supreme Court on Friday put a stay on GST show-cause notices amounting to Rs 1.12 lakh crore against these companies. As per lawyer Abhishek Rastogi, this stay not only provides immediate respite to gaming companies from potential coercive action but also safeguards the interests of revenue authorities. “By pausing …

Supreme Court Stays GST Showcause Notices Against Online Gaming Companies
4 days, 19 hours ago

Supreme Court Stays GST Showcause Notices Against Online Gaming Companies

Live Law  

The Supreme Court on Friday stayed the showcause notices issued by GST authorities to online gaming companies and casinos over alleged tax evasion. Last year, the Supreme Court had transferred to itself petitions pending in High Courts challenging the imposition of 28% Goods and Services Tax on online gaming companies. In a brief hearing held in January 2024, Senior Advocate …

Delta Corp shares surge 7% after SC stays show cause notice up to ₹1.1 lakh crore until March 17
5 days ago

Delta Corp shares surge 7% after SC stays show cause notice up to ₹1.1 lakh crore until March 17

Live Mint  

Shares of Delta Corp climbed by as much as 7 per cent on January 10 after the Supreme Court put a hold on GST show cause notices amounting to ₹1.12 lakh crore issued to online gaming companies. Online gaming companies received 71 show-cause notices for allegedly evading Goods and Services Tax amounting to ₹1.12 lakh crore during 2022-23 and the …

Supreme Court gives big relief for online gaming sector. Details here
Trending News
5 days, 7 hours ago

Supreme Court gives big relief for online gaming sector. Details here

India Today  

In a significant turn of events, the Supreme Court has stayed show-cause notices for goods and services tax worth a staggering Rs 1.12 lakh crore issued to online gaming companies. RELIEF FOR GAMING SECTOR AND REVENUE DEPARTMENT The stay has been welcomed by both online gaming companies and the revenue department, albeit for different reasons. INDUSTRY AWAITS LEGAL CLARITY Abhishek …

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout
5 days, 19 hours ago

Gabbar Sitharaman Tax: Congress’ fresh jab at FM, says new circulars are issued 90 months after GST rollout

Live Mint  

Congress leader Pawan Khera on Thursday took a swipe at Union Finance Minister Nirmala Sitharaman over Goods and Service Tax and said that even 90 months after the implementation of GST, new circulars are being issued. Speaking to ANI in Rajasthan, Khera referred to GST as Gabbar Sitharaman Tax, and said it has affected everyone. The tax that should have …

Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials
1 month, 1 week ago

Mind economy's interest before Revenue's: Sanjay Malhotra to tax officials

Live Mint  

New Delhi: Cautioning tax officials to not kill the goose that lays the golden egg in the process of tax collection, revenue secretary Sanjay Malhotra told a gathering of officials that they need to be careful not to hurt the economy’s interests in the hunt for revenue. “This is a very positive development for the industry—it signals the government's intention …

GST evasion worth ₹2.02 lakh crore detected in 2023-24; over 40% from online-gaming
4 months ago

GST evasion worth ₹2.02 lakh crore detected in 2023-24; over 40% from online-gaming

The Hindu  

Goods and Services Tax sleuths detected taxevasion worth almost ₹82,000 crore by 78 real money online gaming firms in 2023-24, but that translated into a voluntary recovery of just ₹53 crore. The online gaming industry is reckoned to have evaded the highest GST levies last year, even as overall detection of indirect tax evasion surged to almost ₹2.02 lakh crore, …

GST Council to deliberate on taxation of insurance premium, report on online gaming
4 months, 1 week ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

The Hindu  

The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, will decide on whether to reduce the tax burden on health insurance from the …

GST Council to deliberate on taxation of insurance premium, report on online gaming
4 months, 1 week ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

New Indian Express  

NEW DELHI: The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and …

Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 out of the ₹32,403 crore tax notice for 2017-22
5 months, 1 week ago

Infosys gets ₹3,898 crore partial GST tax relief for FY 2017-18 out of the ₹32,403 crore tax notice for 2017-22

Hindustan Times  

Infosys Ltd has been given a tax relief of ₹3,898 crore for the financial year 2017-18, the IT major wrote in a company filing to the exchanges on Saturday. Infosys Ltd has been given a tax relief of ₹ 3,898 crore for the financial year 2017-18 “The Company had received and responded to a pre-show cause notice issued by DGGI …

Move ahead: On GST and reform
6 months, 3 weeks ago

Move ahead: On GST and reform

The Hindu  

Revenues from the Goods and Services Tax, which completes seven years at the end of this month, hit a record high of ₹2.1 lakh crore in April that typically sees higher inflows due to a year-end compliance rush. Although gross revenues from domestic transactions grew 15.3%, accelerating from a 13.4% rise a month earlier, revenues from goods imports dipped for …

GST Council to meet on June 22, likely to review online gaming taxation
7 months ago

GST Council to meet on June 22, likely to review online gaming taxation

India TV News  

New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, is scheduled to meet on June 22 in the national capital after a gap of eight months. The council is expected to review the implementation of the 28 per cent GST on the online gaming sector. Council to review GST on online gaming The GST Council is expected to …

GST collection rises 10% to ₹1.73 lakh crore in May
7 months, 1 week ago

GST collection rises 10% to ₹1.73 lakh crore in May

The Hindu  

The country's gross GST collections rose to ₹1.73 lakh crore in May, growing 10% year on year driven by increased revenues from domestic transactions, the finance ministry said on Saturday. After accounting for refunds, the net GST revenue for May 2024 stood at ₹1.44 lakh crore, reflecting a growth of 6.9% compared to the same period last year. The gross …

Finance Minister bats for swift clarity on GST classification issues
10 months, 1 week ago

Finance Minister bats for swift clarity on GST classification issues

The Hindu  

Finance Minister Nirmala Sitharaman on Monday stressed the urgent need to bring clarity on classification-related issues under the Goods and Services Tax regime, urging tax officials to look into the issue “at the earliest through appropriate channels”. Addressing the first-ever ‘National Conference of Enforcement Chiefs of State and the Central GST Formations’ that will be held twice a year going …

Online Gaming Industry Complies With New GST Law But Retro Tax Still A Threat
10 months, 3 weeks ago

Online Gaming Industry Complies With New GST Law But Retro Tax Still A Threat

The Quint  

The Indian fantasy sports industry, once a burgeoning sector, now finds itself in choppy waters. The Government of India's decision to levy a 28% GST on total deposits, as opposed to the previous 18% on gross gaming revenue, has dealt a severe blow to RMG companies. However, the Directorate General of Goods and Services Tax Intelligence has thrown another curveball …

Supreme Court To Consider Online Gaming Companies' Plea Against 28% GST In January 2024
1 year ago

Supreme Court To Consider Online Gaming Companies' Plea Against 28% GST In January 2024

Live Law  

The Supreme Courton Friday posted a batch of writ petitions filed by online gaming companies, including Dream 11, Games 24x7, and Head Digital Works, challenging the constitutional validity of imposition of a 28% GST, to January 8, 2024.A bench comprising Chief Justice of India DY Chandrachud, Justice JB Pardiwala and Justice Manoj Misra refused to pass interim order in favour. …

Over 70 GST notices issued to online gaming firms, ₹1.1 tn due
1 year, 1 month ago

Over 70 GST notices issued to online gaming firms, ₹1.1 tn due

Live Mint  

New Delhi: Online gaming companies have been issued 71 show cause notices relating to Goods and Services Tax in FY23 and in the current financial year up to October, minister of state for finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday. However, since these notices are pending adjudication, the respective GST demand is not yet determined under the provisions …

Online gaming taxation: Look for a practical way out
1 year, 2 months ago

Online gaming taxation: Look for a practical way out

Live Mint  

India is one of the world’s largest markets for online gaming, with thousands of jobs and millions of users. Its taxation slab as well as liability valuation mechanism were changed, and it faces a looming spectre of retrospective taxation—or call it tax arrears—that has seen it go from being a ‘sunrise sector’ to one whose survival is under a cloud. …

Online gaming companies get ₹1 lakh crore GST show cause notices so far
1 year, 2 months ago

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

The Hindu  

GST authorities have issued show cause notices worth ₹1 lakh crore to online gaming companies for tax evasion so far, a senior official said on October 25. The government has amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1. "Online gaming companies served notices worth about ₹1 lakh crore by …

Gaming, gambling firms sent notices for ₹1 trillion GST dues
1 year, 2 months ago

Gaming, gambling firms sent notices for ₹1 trillion GST dues

Live Mint  

Online gaming platforms and casinos have been sent show-cause notices to reclaim over ₹1 trillion in goods and services tax, but the recovery of the amount will depend on what the Supreme Court decides on the dispute, a government official said on Wednesday. Ltd, which secured a favourable order from the Karnataka high court in May on the levy of …

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues
1 year, 2 months ago

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues

Live Mint  

The Indian government is expected to recover ₹50,000 crore in evaded Goods and Services Tax in FY24, Business Standard reported. A substantial portion of this recovery is expected to come from incorrect claims of input tax credit by insurance companies, GST payments on expatriate services under the reverse charge mechanism, illicit clearances of tobacco products, and property transactions, the report …

GST | Circular Does Not Override Statutory Provisions: Allahabad High Court Quashes Demand Of Rs. 235 Crores Against Vivo Mobile
1 year, 2 months ago

GST | Circular Does Not Override Statutory Provisions: Allahabad High Court Quashes Demand Of Rs. 235 Crores Against Vivo Mobile

Live Law  

The Allahabad High Court has quashed demand of Rs. If the law were to be read otherwise, i.e., that the ITC claim may never arise unless the tax is first paid then, the second proviso to section 16 itself would be rendered otiose.” Further, placing reliance on Union of India v. Bharti Airtel Ltd. and Others, wherein the Supreme Court …

All states for 28% GST on online money gaming effective from 1 Oct: Revenue Secy
1 year, 3 months ago

All states for 28% GST on online money gaming effective from 1 Oct: Revenue Secy

Live Mint  

New Delhi: As of now 18 states have passed legislative changes to implement the 28% Goods and Services Tax on online gaming, horse racing and casinos and all the remaining states have agreed to make the necessary changes which will have effect from 1 October, Revenue Secretary Sanjay Malhotra said at a briefing. Finance minister Nirmala Sitharaman told reporters that …

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?
1 year, 3 months ago

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?

News 18  

52nd GST Council Meeting October 7, 2023: The upcoming 52nd GST Council Meeting, scheduled for October 7, 2023, in New Delhi, holds profound significance as it is anticipated to be a pivotal meeting in addressing various critical agenda items such as taxation of crypto and NFT tokens, clarifications on ESOP, rate rationalisation and evaluation of the progress made by individual …

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1
1 year, 3 months ago

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1

The Hindu  

From October 1, online gaming companies will charge 28% GST on full value of bets, while offshore platforms too would be required to have GST registration to operate in India. In its meetings in July and August, the GST Council, comprising finance ministers of Centre and states, had approved amendments to the law to include online gaming, casinos and horse …

28 per cent GST rate on online gaming from October 1
1 year, 3 months ago

28 per cent GST rate on online gaming from October 1

Hindustan Times  

India is set to implement a 28 per cent Goods and Service Tax on online gaming from October 1. “We are ready to implement a 28 per cent GST rate on online gaming from October 1 with the consent of all the states. The amendments are related to the insertion of provision in the third schedule of CGST Act, 2017 …

Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief
1 year, 3 months ago

Show cause notices to e-gaming cos as per legal provisions, GST demand based on data analysis: CBIC chief

The Hindu  

E-gaming companies have been issued show cause notices for alleged GST evasion as per legal provisions, the head of Central Board of Indirect Taxes and Customs Sanjay Kumar Agarwal said on September 28, adding that the tax demanded is based on analysis of data. Since then, online gaming companies like Dream11 and casino operator Delta Corp have received show cause …

Nearly A Dozen Online Real-Money Gaming Companies Slapped With Rs 55 Cr Tax Notices: Report
1 year, 3 months ago

Nearly A Dozen Online Real-Money Gaming Companies Slapped With Rs 55 Cr Tax Notices: Report

ABP News  

Approximately 12 online real money gaming companies are facing pre-show cause notices from the Directorate General of GST Intelligence regarding their tax liabilities amounting to Rs 55,000 crore, as reported by the Economic Times. In 2022, Gameskraft Technology, an online gaming company based in Bengaluru, was served a tax notice amounting to Rs 21,000 crore, marking the largest such claim …

Mint Explainer: What do GST law amendments say?
1 year, 5 months ago

Mint Explainer: What do GST law amendments say?

Live Mint  

The Parliament on Friday approved legislative changes for implementing the Goods and Services Tax Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. After nearly three years of deliberations, the GST Council last month decided to ensure that ‘the chance to win’, or in …

Parliament clears 28% GST on online gaming, casinos
1 year, 5 months ago

Parliament clears 28% GST on online gaming, casinos

Live Mint  

New Delhi: The Parliament has approved the necessary legislative modifications for implementing the Goods and Services Tax Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. A simplified but mandatory GST registration for overseas platforms offering online money gaming services to Indian consumers, and …

Parliament clears 28% GST on online gaming, casinos, horse racing clubs
1 year, 5 months ago

Parliament clears 28% GST on online gaming, casinos, horse racing clubs

Live Mint  

New Delhi: Parliament on Friday approved legislative changes required to implement the Goods and Services Tax Council's decision to ensure that 28% tax is paid on the full value of deposits made by players to online gaming platforms, horse racing clubs and to casinos from 1 October. In the case of online gaming platforms, 28% GST applies only where wagering …

Parliament paves way for 28% GST on online gaming
1 year, 5 months ago

Parliament paves way for 28% GST on online gaming

The Hindu  

The Parliament on Friday cleared amendments to the Goods and Services Tax laws to facilitate the levy of 28% GST on the face value of all bets made in casinos, horse-racing and online gaming. Approved by the GST Council earlier this month, the legislative changes, moved through the Integrated GST Bill, 2023 and The Central GST Bill, 2023, include a …

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs
1 year, 5 months ago

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs

Live Law  

The Union Finance Minister Nirmala Sitharaman will introduce the Central Goods and Services Tax Bill, 2023.The Goods and Services Tax will be levied at a rate of 28% on online gaming, gambling, and horse racing under legislation that the Centre plans to introduce in the Lok Sabha.Online gaming, online gambling for money, virtual digital assets used to purchase online games,. …

Bengaluru-based MPL to lay off 350 employees
1 year, 5 months ago

Bengaluru-based MPL to lay off 350 employees

Hindustan Times  

Bengaluru-based skill gaming company Mobile Premier League is set to lay off 350 people from its workforce, according to the mail sent by the company to its employees. In July, Union Finance Minister Nirmala Sitharaman in New Delhi said that the GST council has decided to levy 28% GST on online gaming, horse racing and casinos at full value. Karnataka …

28% GST on online gaming: How will new tax work for players and companies
1 year, 5 months ago

28% GST on online gaming: How will new tax work for players and companies

Business Standard  

The Goods and Services Tax Council, in its 51st meeting on August 2, 2023, decided to stick to its earlier decision to impose a 28 per cent tax on the full face value of the bets placed on online gaming, casinos and horse-trading. Earlier tax norms for the online gaming industry Before the GST Council's decision, the online gaming industry …

GST Council sticks to its guns, imposes 28% tax on online gaming
1 year, 5 months ago

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

The Hindu  

The GST Council on August 2 blinked a little on technicalities and kept the door open for a review down the road, but stuck to its earlier decision to impose a 28% levy on the full face value of bets placed on online gaming, casinos and horse racing, with an eye on implementing it from October 1. Tamil Nadu Finance …

GST council meet: 28% tax on online gaming effective from Oct 1, announces FM
1 year, 5 months ago

GST council meet: 28% tax on online gaming effective from Oct 1, announces FM

Hindustan Times  

28% tax on online gaming to become effective from October 1, finance minister Nirmala Sitharaman announced on Wednesday. Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax Council Meeting. The finance minister said Delhi finance minister opposed the levy of the tax on online gaming …

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months
1 year, 5 months ago

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months

News 18  

GST Council Meeting on Online Gaming: The 51st GST Council, chaired by Union Finance Minister Nirmala Sitharaman, on Wednesday decided to keep the 28 per cent tax on online gaming, casino and horse racing, and discussed the modalities to implement it. Addressing media after the Council meeting, Sitharaman said the 28 per cent GST on online gaming is expected to …

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman
1 year, 5 months ago

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman

India TV News  

Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. …

GST Council To Meet On August 2 On Online Gaming, Casino Rules: Reports
1 year, 5 months ago

GST Council To Meet On August 2 On Online Gaming, Casino Rules: Reports

News 18  

The GST Council is likely to meet on August 2 via videoconferencing to take a final decision on the 28 per cent GST on online gaming, casinos and race courses, according to media reports. However, the GST Council is expected to resolve whether the 28 per cent GST will be levied on entry value or each bet. On July 11, …

GST Council to meet on August 2 to finalise 28% online gaming tax: Report
1 year, 5 months ago

GST Council to meet on August 2 to finalise 28% online gaming tax: Report

India Today  

The Goods and Services Tax Council is scheduled to meet on August 2 to make crucial decisions on taxing funds collected by online gaming companies and casinos, reported news agency Reuters quoting a government official. The council, chaired by Finance Minister Nirmala Sitharaman and consisting of state finance ministers, will deliberate on whether to impose a 28 per cent tax …

Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established
1 year, 5 months ago

Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established

ABP News  

Minister of State Rajeev Chandrasekhar announced at an event that the Ministry of Electronics and Information Technology, responsible for regulating online gaming, plans to approach the GST Council to reconsider the decision to impose a 28 per cent tax on online gaming. In a recent tweet, Chandrasekhar acknowledged the evolving nature of the regulatory framework for online gaming, emphasising the …

Online Gaming GST Tax 28 percent game skill luck impact player win exempt game esports
1 year, 5 months ago

Online Gaming GST Tax 28 percent game skill luck impact player win exempt game esports

ABP News  

Last week, the Goods and Services Tax Council unveiled its decision to impose a 28 per cent tax on online gaming, casinos, and horse racing, based on the full face value. Chilana: The GST Council has taken a decision that the online gaming industry is liable to pay GST not only on the platform fee charged by companies but on …

Explained | Will 28% GST on online gaming affect its growth?
1 year, 5 months ago

Explained | Will 28% GST on online gaming affect its growth?

The Hindu  

The story so far: At the recently concluded 50th GST Council meeting, it was decided that online gaming would be taxed at 28% on the full-face value of the placed bets. Malay Kumar Shukla, secretary at the industry body E-Gaming Federation, termed the decision “extremely unfortunate”, saying “a tax burden where taxes exceed revenues will not only make the online …

Govt Has Played A ‘Game Over KO’ To Online Gaming Firms With 28% Tax
1 year, 6 months ago

Govt Has Played A ‘Game Over KO’ To Online Gaming Firms With 28% Tax

ABP News  

Look at the spectacle we have here. The government, in an Armageddon move that no one saw coming, has decided to slap a gigantic 28% GST on the “full deposit value” of online gaming. EXPLAINED: Impact Of New GST Rules On Cinema Halls, Automobile Sector, Online Gaming You Can’t Squeeze Water From Stone While everyone was thinking that the game …

Online Gaming GST Council 28 percent Nirmala Sitharaman India Industry Reaction Ashneer Grover Twitter
1 year, 6 months ago

Online Gaming GST Council 28 percent Nirmala Sitharaman India Industry Reaction Ashneer Grover Twitter

ABP News  

During its 50th meeting on Tuesday, the Goods and Services Tax Council announced a 28 per cent tax for online gaming, casinos, and horse racing, for full face value. Therefore they will be taxable on full face value at 28 per cent.” Online Gaming GST: How The Industry Is Reacting The country’s gaming industry didn’t take the GST announcement in …

’Implementation of 28% GST rate will bring challenges to online gaming industry’
1 year, 6 months ago

’Implementation of 28% GST rate will bring challenges to online gaming industry’

Live Mint  

Finance Minister Nirmala Sitharaman on Tuesday said that the GST Council has decided to impose 28% tax on the turnover of online gaming, horse racing and casinos on full face value. The tax on online gaming companies would be imposed without making any differentiation based on whether the games required skill or were based on chance. E-Gaming Federation, whose members …

GST Council Meet: 28% Tax Imposed On Online Gaming On Full Face Value
1 year, 6 months ago

GST Council Meet: 28% Tax Imposed On Online Gaming On Full Face Value

ABP News  

The Goods and Services Tax Council, which is the body that decides on GST rates on Tuesday announced levying a 28 per cent tax on online gaming, casinos and horse racing would and that the tax would be levied on full face value. According to Sudhir Mungantiwar, Maharashtra's forest cultural and fisheries minister, the body has decided to do away …

Delta Corp shares in focus after GST Council clears 28% tax on online gaming
1 year, 6 months ago

Delta Corp shares in focus after GST Council clears 28% tax on online gaming

Live Mint  

Shares of Delta Corp Ltd will be in focus on July 12 after the goods and services tax council at its 50th meeting on July 11 decided to levy a 28 per cent GST rate on the full value of gaming, horse racing, and casinos - which comes as a drawback to online gaming companies. "Will bring an amendment to …

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