Online gaming gst india gom report finance minister panel recommend 28 per cent tax
2 years, 1 month ago

Online gaming gst india gom report finance minister panel recommend 28 per cent tax

ABP News  

New Delhi: The panel of state finance ministers is likely to recommend a uniform GST levy of 28 per cent on online gaming irrespective of whether it is a game of skill or game of chance, sources said. The Group of Ministers, chaired by Meghalaya Chief Minister Conrad Sangma, had in its earlier report submitted to the Council in June suggested a 28 per cent GST on on the full value of the consideration, including contest entry fee, paid by the player, without making a distinction such as games of skill or chance. Although the GoM deliberated on separate definitions for 'games of skill' and 'games of chance', it finally decided to tax both as demerit goods attracting a 28 per cent GST. Charging 28 per cent GST on the entire amount, which a player deposits for a game for both categories of online game, would reduce the prize money left for distribution and drive away players from legitimate tax deducting portals.

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History of this topic

GST Council postpones decision to cut tax on insurance, rate panel defers report submission
Top News
3 days, 5 hours ago

GST Council postpones decision to cut tax on insurance, rate panel defers report submission

The Hindu  

A GST Council meeting on Saturday postponed a decision on reducing taxes on health and life insurance, while the much talked-about GoM recommendation of rate rejig in 148 items was not tabled before the Council. “We will submit the GoM report on rate rationalisation in next meeting of Council,” said Mr. Chaudhary who is the convenor of the panel. The …

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21
3 weeks ago

GoM proposes GST hike: Cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on Dec 21

The Hindu  

The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35% from the present 28%, an official said. In total, the GoM on rate rationalisation will propose tax rate tweaks on 148 items to the GST Council. The four-tier tax slab of 5, 12, 18, and …

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report
3 weeks ago

GST on cigarettes, tobacco, aerated drinks may rise to 35%: Report

India Today  

The Group of Ministers on GST rate rationalisation has proposed increasing the tax on products such as aerated beverages, cigarettes, and other tobacco-related items to 35%, up from the current rate of 28%, reported news agency PTI. GST RATE CHANGES DISCUSSED The GoM, led by Bihar Deputy Chief Minister Samrat Choudhary, met on Monday to finalise the proposed rate adjustments. …

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20
2 months, 4 weeks ago

GST rate rationalisation: GoM discusses pruning 12% slab, next meeting on October 20

The Hindu  

The Group of Ministers on GST rate rationalisation has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12% to 5%, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on Thursday, September 26, 2024. She said items used by the common man should attract lower tax rates and …

GST Council to deliberate on taxation of insurance premium, report on online gaming
3 months, 2 weeks 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
3 months, 2 weeks 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 …

GST dilemma: The burden of related party transactions
6 months ago

GST dilemma: The burden of related party transactions

New Indian Express  

Introduction: The Goods and Services Tax marks a pivotal transformation in the landscape of taxation, fundamentally altering the way taxes are assessed and collected. Delving into its intricacies, particularly concerning Related Party Transactions, holds paramount importance for businesses endeavouring to navigate the realms of regulatory compliance and financial prudence effectively. GST implementation & Objectives: Introduced in India in July 2017, …

GST Council to meet on June 22, likely to review online gaming taxation
6 months, 1 week 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
6 months, 3 weeks 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 …

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair
8 months, 2 weeks ago

Next government must urgently fix ‘unnecessarily complex’, counter-productive GST: 13th Finance Commission chair

The Hindu  

A key architect of India’s tax reforms and the chairman of the Thirteenth Finance Commission Vijay Kelkar has called upon the country’s next government to undertake urgent reforms in the “unnecessarily complex” Goods and Services Tax regime, such as switching to a single tax rate of 12% and sharing revenues with local governments and municipal corporations. Stating that a single …

Karnataka to come out with legislation to curb cricket betting and online gaming, says Home Minister Parameshwara
10 months, 1 week ago

Karnataka to come out with legislation to curb cricket betting and online gaming, says Home Minister Parameshwara

The Hindu  

The Karnataka government on Tuesday announced that it would come out with a new legislation to curb cricket betting and online gaming. Replying to concerns raised by members across party affiliations in the Assembly about the serious impact of betting and online gaming on youth, Home Minister G. Parameshwara said, “Soon we will bring out a new legislation to prevent …

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

Why Dream11 filed a suit challenging India’s tax demands? | Explained
1 year, 2 months ago

Why Dream11 filed a suit challenging India’s tax demands? | Explained

The Hindu  

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 for 2017-18 and 10 billion rupees for 2018-19, along with interest and penalties. ‌The central issue in this dispute revolves around whether Dream11’s gaming platform should be classified as …

All states for 28% GST on online money gaming effective from 1 Oct: Revenue Secy
1 year, 2 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 …

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1
1 year, 2 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, 2 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 …

Nearly A Dozen Online Real-Money Gaming Companies Slapped With Rs 55 Cr Tax Notices: Report
1 year, 2 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, 4 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, 4 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, 4 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: Lok Sabha passes Bill to levy 28 pc tax on on e-gaming, casinos
1 year, 4 months ago

Parliament: Lok Sabha passes Bill to levy 28 pc tax on on e-gaming, casinos

India TV News  

GST on online gaming: Lok Sabha passed amendments to Central, Integrated GST laws to levy 28 pc tax on e-gaming, casinos on Friday. Finance Minister Nirmala Sitharaman =introduced Bills seeking to amend the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs. Sitharaman …

Parliament paves way for 28% GST on online gaming
1 year, 4 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, 4 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, 4 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, 4 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, 4 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, 4 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, 4 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 …

51st GST Council At 4 pm Today To Finalise Modalities For 28% Tax On Online Gaming
1 year, 4 months ago

51st GST Council At 4 pm Today To Finalise Modalities For 28% Tax On Online Gaming

News 18  

Union Finance Minister Nirmala Sitharaman will chair the 51st GST Council meeting via videoconferencing in New Delhi on Wednesday, August 2, at 4 pm. During the meeting, the GST Council is likely to finalise the modalities for determining supply value in online gaming and casinos for levying 28 per cent tax. @nsitharaman will chair the 51st GST Council meeting via …

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman
1 year, 4 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, 4 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, …

Video-gaming firms write to PMO seeking distinction from real-money gaming industry
1 year, 4 months ago

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

The Hindu  

As many as 45 video game companies in India on July 26, 2023, wrote to the Prime Minister’s Office and to the Ministries of Information & Broadcasting, and Electronics & Information Technology, seeking to put distance between themselves and the real-money gaming industry, amid the ‘widespread confusion’ caused by the latter being referred to as ‘online gaming’. “‘Online Games’ is …

GST Council to meet on August 2 to finalise 28% online gaming tax: Report
1 year, 4 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 …

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, 5 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, 5 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 …

Delta Corp, Nazara Tech shares crack up to 14% on GST shock
1 year, 5 months ago

Delta Corp, Nazara Tech shares crack up to 14% on GST shock

Live Mint  

28% GST on online gaming, casinos: Shares of online gaming stocks such as Nazara Technologies and Delta Corp suffered massive losses in early trade on Wednesday after the GST Council shocked the industry by levying a 28 per cent uniform GST on online gaming, casinos and horse racing. Shares of Delta Corp opened at their 10 per cent lower circuit …

’Implementation of 28% GST rate will bring challenges to online gaming industry’
1 year, 5 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, 5 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, 5 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 …

‘Time for startup founders to enter politics’: Ashneer criticises 28% GST on online gaming
1 year, 5 months ago

‘Time for startup founders to enter politics’: Ashneer criticises 28% GST on online gaming

Hindustan Times  

BharatPe founder Ashneer Grover strongly criticised the recent decision of the Goods and Services Tax Council to impose a 28% GST on online gaming at the full value. He continued, “Time for startups Founders to enter politics and be represented - or this is going to be spate industry after industry.” Ashneer Grover on 28% GST on online gaming. 28% …

Real money gaming industry reacts with shock to GST on deposits
1 year, 5 months ago

Real money gaming industry reacts with shock to GST on deposits

The Hindu  

The real money gaming industry, which comprises fantasy gaming apps, poker and rummy apps, and other such services where players can risk money for winnings, denounced the GST Council’s decision on Tuesday to tax players’ entire deposits as opposed to the commission charged by the firms. “We believe this decision by the GST Council is unconstitutional, irrational, and egregious,” Roland …

GST Council to impose 28% tax on online gaming firms
1 year, 5 months ago

GST Council to impose 28% tax on online gaming firms

The Hindu  

The Goods and Services Tax Council, at its 50th meeting on July 11, reduced or clarified the tax rate on some items ranging from uncooked or unfried snack pellets to special utility vehicles, exempted imported drugs to treat cancer and rare diseases, and brought an end to a years-long debate on tax treatment of online gaming, casinos and horse racing. …

28% GST on online gaming, horse racing, casinos on full face value. Explained
1 year, 5 months ago

28% GST on online gaming, horse racing, casinos on full face value. Explained

Hindustan Times  

The Goods and Services Tax Council decided to levy 28% GST on online gaming, horse racing and casinos at full value, Union Finance Minister Nirmala Sitharaman said after the conclusion of the council's 50th meet in New Delhi on Tuesday. Nirmala Sitharaman addressing the Press Conference after 50th GST Council meeting held today at New Delhi There were deliberations on …

50th GST council meeting: Setback for online gaming, horse racing, casinos; to attract 28% tax
1 year, 5 months ago

50th GST council meeting: Setback for online gaming, horse racing, casinos; to attract 28% tax

India TV News  

In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos. The GST Council, which held its 50th meeting under the chairmanship of Union Finance Minister Nirmala Sitharaman, decided to remove the distinction of game of skill and chance …

Online Gaming Companies Are Providers of Service and Should be Taxed As Such
1 year, 5 months ago

Online Gaming Companies Are Providers of Service and Should be Taxed As Such

Deccan Chronicle  

Hyderabad: The taxation policy on gaming has proven to be a contentious issue with the industry and the GoM taking contrarian views on what rate and value the online gaming platforms should be taxed at. However, in a recent report, it was noted that the key contention for decision making is whether the prize pool which is the “actionable claim” …

India's Gross GST Revenue Collection Up 12% in June
1 year, 5 months ago

India's Gross GST Revenue Collection Up 12% in June

Deccan Chronicle  

NEW DELHI: With India’s goods and services tax or GST having completed six years on Saturday, the ministry of finance said that India's gross GST revenue collection in June stood at over Rs 1.61 lakh crore, registering a 12 per cent growth year-on-year basis. However, the gross GST collection crossed Rs 1.6 lakh crore mark for fourth time since inception …

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