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 in the history of indirect taxation. Last week, Delta Corp received a tax notice amounting to Rs 11,139 crore, inclusive of interest and penalties, for purportedly not paying GST on the gross bet value. The new rule also offers a revised definition of "online money gaming," encompassing both skill-based and chance-based games.

History of this topic

Amid lack of regulation, online gaming in limbo, failing to attract investment
2 weeks, 5 days ago
Online gaming platforms: the risk of a fantasy
1 year, 1 month ago
Online gaming taxation: Look for a practical way out
1 year, 1 month ago
Online gaming companies get ₹1 lakh crore GST show cause notices so far
1 year, 1 month ago
Why Dream11 filed a suit challenging India’s tax demands? | Explained
1 year, 2 months ago
100 online gaming apps on DGGI radar for ₹1 lakh-crore tax evasion
1 year, 2 months ago
All states for 28% GST on online money gaming effective from 1 Oct: Revenue Secy
1 year, 2 months ago
Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1
1 year, 2 months ago
28 per cent GST rate on online gaming from October 1
1 year, 2 months ago
Review of GST on online gaming, casinos likely next fiscal
1 year, 2 months ago
India demands $150 mln in taxes from Tiger Global-backed gaming firm Dream11
1 year, 2 months ago
Evolving Legal Framework Of Online Skill-Based And Chance-Based Games
1 year, 3 months ago
Only intention of online gaming companies is to make money through inducements and addiction, Tamil Nadu govt. tells Madras High Court
1 year, 4 months ago
Mint Explainer: What do GST law amendments say?
1 year, 4 months ago
Parliament clears 28% GST on online gaming, casinos
1 year, 4 months ago
Parliament clears 28% GST on online gaming, casinos, horse racing clubs
1 year, 4 months ago
Parliament paves way for 28% GST on online gaming
1 year, 4 months ago
28% GST on online gaming: How will new tax work for players and companies
1 year, 4 months ago
GST Council sticks to its guns, imposes 28% tax on online gaming
1 year, 4 months ago
GST council meet: 28% tax on online gaming effective from Oct 1, announces FM
1 year, 4 months ago
GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months
1 year, 4 months ago
28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman
1 year, 4 months ago
Video-gaming firms write to PMO seeking distinction from real-money gaming industry
1 year, 4 months ago
GST Council to meet on August 2 to finalise 28% online gaming tax: Report
1 year, 4 months ago
Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established
1 year, 5 months ago
Explained | Will 28% GST on online gaming affect its growth?
1 year, 5 months ago
Govt Has Played A ‘Game Over KO’ To Online Gaming Firms With 28% Tax
1 year, 5 months ago
Online Gaming GST Council 28 percent Nirmala Sitharaman India Industry Reaction Ashneer Grover Twitter
1 year, 5 months ago
’Implementation of 28% GST rate will bring challenges to online gaming industry’
1 year, 5 months ago
GST Council Meet: 28% Tax Imposed On Online Gaming On Full Face Value
1 year, 5 months ago
Delta Corp shares in focus after GST Council clears 28% tax on online gaming
1 year, 5 months ago
‘Time for startup founders to enter politics’: Ashneer criticises 28% GST on online gaming
1 year, 5 months ago
Real money gaming industry reacts with shock to GST on deposits
1 year, 5 months ago
28% GST on online gaming, horse racing, casinos on full face value. Explained
1 year, 5 months ago
Online Gaming Companies Are Providers of Service and Should be Taxed As Such
1 year, 5 months ago
Online Rummy Games Played Are Not Taxable As ‘Betting’ And ‘Gambling: Karnataka High Court Quashes GST Intimation Notice Demanding Rs. 21,000 Crores Against Gameskraft
1 year, 7 months ago
Online games of skill like rummy are not taxable as ‘betting and gambling’ under GST Act: Karnataka High Court
1 year, 7 months ago
TDS On Online Gaming; Players Should Know What Has Changed From April 1
1 year, 8 months ago
TDS Changes On Online Gaming: A Boon Or A Bane For 20 Crore Gamers?
1 year, 10 months ago
Budget 2023 | Real money gaming industry welcomes TDS clarification
1 year, 10 months ago
Union budget 2023: Earnings from online games to be taxed
1 year, 10 months ago
Why MeitY Should Play It Right When Selecting India's Gaming Rules
1 year, 11 months ago
Mint Explainer: Fixing the mess in India's online gaming
1 year, 11 months ago
They Don’t Pay Taxes: All India Gaming Federation Wants Government To Tackle Foreign Online Gaming Companies
2 years ago
Gaming firms evaded ₹22,936 crore GST from April 2019-November 2022: Centre
2 years ago
All real money online games to come under federal oversight: Reports
2 years ago
Government plans federal oversight of all real-money online games: Report
2 years ago
Fantasy Gaming: 1 in 2 Indians Want Loss Limit of Rs 50-500 Per Game
2 years, 1 month ago
Online gaming in India likely to attract 28 per cent GST instead of 18, calculation method to be tweaked
2 years, 1 month ago

Discover Related