The Central Government through Director General of Goods and Services Tax Intelligence has approached the Supreme Court challenging the Karnataka High Court decision quashing INR 21,000 crore tax notice against GamesKraft. The GST department had initiated the action against skill gaming operator GamesKraft last year and the gaming company soon filed a plea with the Karnataka […]
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The 51st GST Council meeting clarified that the 28% tax on online gaming and casinos at full face value will be levied on initial deposits. The decision has provided little bit of relief to the industry as imposition of tax on each contest entry amount would have increased the tax burden massively. The decision was […]
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Tamil Nadu IT Minister and ex-member of GoM, Palanivel Thiagarajan, recently talked about why the GoM recommended 28 per cent GST at full face value during an interview with CNBCTV18. During the interview, Thiagarajan revealed that there was no doubt about the GST rate but, instead, a series of questions. These include identifying the law, […]
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Congress MP Manish Tewari questioned Minister of State for Finance Pankaj Chaudhary in the Lok Sabha on Monday over 28% GST on online gaming, casinos and horse racing. Tewari asked if the government is engaged in any deliberations regarding the imposition of the new tax rate and whether the government has contemplated the consequences of […]
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Offshore gaming firms will be mandated to register under GST Law according to the proposed amendments accessed by Team G2G. The amendments are in the backdrop of the GST Council approval to impose 28% tax rate uniformly across online gaming, casinos, and horse racing. GST Council is meeting on Wednesday to approve the proposed amendments […]
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Two more online gaming companies has been handed show-cause notices by the Directorate General of Goods and Services Tax Intelligence (DGGI) for alleged tax evasion amounting to Rs 3,000 crore. The notice handed to these companies are similar to what Bengaluru-based Gameskraft Technology received for alleged GST evasion back in September 2022. Speaking to moneycontrol, […]
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Realme Narzo 60 5G was recently unveiled by the brand. While many reckon that this phone has a striking similarity to the Realme 11 Pro in terms of design and build, it offers much more. It is also being considered as a good device for those looking for a gaming smartphone under a tight budget. […]
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United States v. Scheinberg, commonly known as the “Black Friday” case, was a landmark legal proceeding in the United States that had a significant impact on the online gambling industry, particularly in relation to online poker. The case revolved around the prosecution of the founders and executives of three major online poker companies: PokerStars, Full […]
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After online gaming firms and investors, the All India Gaming Federation (AIGF) has written to the Centre, addressing a letter to Revenue Secretary Sanjay Malhotra regarding reconsideration of the GST Council’s decision to levy 28% tax on full face value amount. AIGF stated that it has over 120 online skill gaming companies as members, totaling […]
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