New Delhi: GST authorities have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion so far, a senior official said on Wednesday. The official, however, said that there is no data yet of foreign gaming companies registering in India since October 1, PTI reported. The government has amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1.
The GST Council had in August clarified that 28 per cent Goods and Services Tax (GST) would be levied on the full value of bets placed on online gaming platforms.
“Online gaming companies served notices worth about ₹ 1 lakh crore by GST authorities so far,” the official said.
A host of online gaming, like Dream11, and casino operator, like Delta Corp, have received GST show cause notices last month for alleged short payment of taxes. Separately, a show cause notice was sent to GamesKraft in September last year for alleged GST evasion of Rs 21,000 crore.
While the Karnataka High Court has ruled in favour of the company, the central government in July filed a Special Leave Petition (SLP) in the Supreme Court, the report added.
New Delhi: BJP MLA Nand Kishor Gurjar has urged Hindus to avoid paying obeisance at…
Bhubaneswar: Amid the prevailing dry weather conditions, the night temple in Odisha is likely to…
New Delhi: A buffalo in Haryana, valued at Rs 23 crore, has become the centre…
Bhubaneswar: Maitree Vihar police have rescued two children, who were branded with hot kitchen pincer…
New Delhi: A 72-year-old retired engineer was duped of more than Rs 10 crore after…
Bhubaneswar: A day after arriving in Odisha from Tadoba-Andhari Tiger Reserve (TATR) in Maharashtra, the…
Colombo: Sri Lankan President Anura Kumara Dissanayake’s leftist coalition won a landslide victory in snap…
New Delhi: Maharashtra is all set for the state assembly elections on November 20. The…