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Tag: GST

Delta Corp handed double blow with multiple GST evasion notices amounting over Rs 16,000 crore

After yesterday’s Rs 11,139 crore tax evasion notice, listed casino and hospitality operator Delta Corp has now received another tax evasion notice. This time...

Gameskraft to shut down Gamezy Fantasy from September 18

Amidst the ongoing battle with the GST authorities and the increased GST rate of 28% on online real money games, the Bengaluru-based online gaming...

Madhya Pradesh cabinet to approve Ordinance to levy 28% GST on deposits of online gaming & casinos today

Madhya Pradesh state government is now set to approve the Ordinance for new GST rates on online gaming. The Ordinance will be presented in...

Reports: GST authorities to issue show-cause notices to 40 online gaming firms for tax evasion

After the Supreme Court stayed the Karnataka High Court’s judgement in the Gameskraft case, which involved the quashing of Rs 21,000 crore GST evasion...

Gujarat: Opposition unhappy with GST Amendment Bill to levy 28% tax on online gaming

The Gujarat Assembly passed the Gujarat Goods and Services Tax (Amendment) Bill, 2023 on September 13. However, the opposition does not seem to be...

Gujarat assembly passes GST Amendment Bill to impose 28% tax on online gaming, casinos and horse racing

The Gujarat State Assembly passed the Gujarat Goods and Services Tax Amendment Bill unanimously on September 13. The Bill was introduced by State Finance...

CBIC likely to issue demand notice to Gameskraft

The Supreme Court a few days earlier took a shocking decision to put a stay on Karnataka High Court's (HC) judgment of quashing the...

Gujarat Assembly to discuss & pass GST Amendment Bills pertaining to online real money gaming & casinos later this week

Gujarat's Legislative Assembly will begin its monsoon session on Wednesday, September 13. During the 3-day session, the Assembly will discuss and pass GST Amendment...

Goa approves GST ordinance to levy 28% tax on online gaming, casinos and horse racing

While Karnataka has delayed approving the draft ordinance for levying 28% GST on online gaming, the Goa state cabinet has approved their GST ordinance...

Karnataka cabinet delays draft ordinance for levying 28% GST on online gaming

In its cabinet meeting on September 7, the Karnataka government postponed the approval of a draft ordinance to impose the new 28% GST rate...

Online gaming industry reacts to Supreme Court staying Karnataka HC decision in Gameskraft GST matter

On Wednesday, September 6 the Supreme Court stayed the decision of the Karnataka High Court quashing the GST show-cause notice issued to Gameskraft for...

Karnataka: IT minister Priyank Kharge demands Govt’s engagement with gaming industry

Karnataka's IT minister Priyank Kharge has called out GST Council’s decision to impose 28% GST on online gaming. Kharge believes that the new GST...

Crypto gaming platform One World Nation temporarily halts India operations

Online crypto gaming startup One World Nation (OWN) has announced a temporary halt to its services in India following the recent decision of the...

Spartan Poker lays off 125 employees as 28% GST fallout continues

Spartan Poker, one of the biggest online poker platforms, has laid off 40% of its workforce (125 people) due to the recent changes in...

Real money gaming platforms could face Rs 45,000 crore retrospective tax demand

The Directorate General of GST Intelligence (DGGI), based on Central Board of Indirect Taxes and Customs (CBIC) assessment, is now planning to recover Rs...

Parliament passes GST amendment bills to levy 28% tax on online gaming, casinos, horse racing

Amendments to the IGST and CGST Acts for online gaming, casinos and horse racing were considered and passed by voice vote without any discussion...