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 …
The Goods and Services Tax regime completed three years on July 1. On the revenue front, there was an unofficial target to collect ₹1 lakh crore GST every month. The total revenue collection was ₹7.19 lakh crore in the first eight months of FY18. The total revenue collection was ₹11.77 lakh crore in FY19 and ₹12.22 lakh crore in FY20. …
