India  
 
NewsR.in

Online gaming companies face Rs 1 lakh crore GST notices

IndiaTimes Wednesday, 25 October 2023
India's online gaming industry has been issued show-cause notices amounting to Rs 1 lakh crore, despite concerns raised about applicable GST rates. The government insists on a 28% GST rate, effective from October 1, for all online games involving bets. The amendments to GST laws aim to streamline the taxation of online gaming and bring it under the GST framework. The move is part of broader efforts to clarify tax rates and enhance tax collections in growing industries.
0
shares		ShareTweetSavePostSend
 

πŸ’‘ newsR Knowledge: Other News Mentions

You Might Like


Related videos from verified sources

Ep. 96 - Mark Klassen Gives Benefits of Joining the Christian Crew Online Gaming Community [Video]

Ep. 96 - Mark Klassen Gives Benefits of Joining the Christian Crew Online Gaming Community

A whopping 76% of kids classify as active gamers. So let’s get them connected to other players in a God-centered gaming community where they can deepen their relationship with the Lord. Get a fresh..

Credit: Rumble     Duration: 25:30Published

Related news from verified sources

Online gaming companies gets GST notices worth Rs 1 lakh cr

 The Goods and Services Tax (GST) authorities in India have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion. The...
IndiaTimes

Sikkim HC stays Rs 628 crore GST demand against Delta Corp

 The Sikkim high court has granted a stay on a Rs 628 crore GST demand order against Delta Corp, a casino and online gaming company. The government has raised a...
IndiaTimes