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Tag: GST

[Exclusive] Gameskraft files caveat in Supreme Court against possible appeal by GST Department against order quashing Rs. 21,000 crore notice

Gameskraft Technologies Private Limited and its founders Vikas Taneja and Prithvi Raj Singh have filed caveats in the Supreme Court in the Rs. 21,000...

Nitish Mittersain asserts Nazara Tech’s plans for expansion in the RMG segment

Last month, Nitish Mittersain, CEO of Nazara Technologies, shared in an interview that the company is working on a larger blueprint for the real...

Breaking: Karnataka HC quashes Rs 21,000 crore showcause notice issued to Gameskraft for GST evasion

In a landmark judgement for the online gaming industry, the Karnataka High Court has quashed the Rs. 21,000 crore showcause notice issued to online...

Karnataka HC to deliver verdict in Rs 21,000 crore Gameskraft GST evasion case on May 11

The long-awaited judgement in the Rs. 21,000 crore Gameskraft GST evasion case will be pronounced tomorrow on May 11 at 2.30 pm by a...

GST Council expected to finalise tax rate on online gaming in next meeting

GST rates for the online gaming sector are most likely to be finalised in the next GST Council meeting which is expected to be...

Online gaming sector to attract investors once taxation policy is finalised: Nirmala Sitharaman

During the 56th Annual Meeting of the Asian Development Bank (ADB) in South Korea, Finance Minister Nirmala Sitharaman, while responding to a question from...

GST department detects tax evasion by illegal offshore betting companies

Offshore betting and gambling companies that provide illegal services to users in India were found to be violating the GST law by officers at...

DGGI to finish tax evasion probe involving 12 gaming companies soon

As per the latest developments, the Directorate General of GST Intelligence (DGGI) is almost done probing into a dozen online gaming companies for tax...

DGGI cracks down on illegal offshore gambling companies for Rs 12,000 crore GST evasion

The Directorate General of GST Intelligence (DGGI) has started to crack down on several online betting and gambling platforms based out of Cyprus, Mauritius...

Budget 2023: TDS on online gaming applications now effective from April 1

Contrary to a previous date of 1 July 2023, the tax deducted at source (TDS) on online gaming apps will now take effect on...

Report: Proper taxation, regulation to propel online gaming industry to make India gaming hub

According to a report by Primus Partners titled "Online Gambling in India: The Taxes Quandary," regulating online gaming will address several social issues and...

Winzo’s lawyer writes to PMO asking for scrapping of proposal to impose 28% GST on online gaming

Abhishek Malhotra, who is a managing partner at law firm TMT Law Practice and represents multi-gaming platform WinZo, recently wrote to the Prime Minister’s...

GoM report on online gaming not in GST Council’s 18th Feb meeting agenda

The GST Council meeting scheduled for February 18 does will have a brief discussion of the report submitted by the Group of Ministers (GoM)...

Meity coming up with integrated view on skill-based games for all ministries and states

Rajeev Chandrasekhar, the Minister of State for the Ministry of Electronics and Information Technology (MeitY), stated in a meeting today with top executives and...

Progressive taxation needed to boost gaming sector in India, says Think Change Forum

According to the Think Change Forum (TCF), India needs to make gaming-related income in line with international standards and allow expenditures and losses from...

Tax authorities seek data of Indian users from offshore online gaming companies

The Indian tax authorities have contacted about half a dozen online gaming companies in Malta, the UK, and Gibraltar to obtain data on the...