- 03 Aug 2023 05:54 PM
- New
Gaming industry slams no rollback on 28% taxation
New Delhi: In a blow to the domestic online gaming industry, the government's GST Council on Wednesday decided not to roll back the 28% GST on the sector.
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- 03 Aug 2023 05:51 PM
- New
GST Council to review 28% tax on online gaming 6 months after implementation
The GST Council will review the implementation of 28 per cent tax on online gaming, casinos six months after it comes into effect from October 1.
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- 03 Aug 2023 05:43 PM
- New
GST Council meet: 28% tax on online gaming to become effective from 1 Oct, says FM Sitharaman, to review after 6 months
28% tax on online gaming bets to be implemented from 1 October, GST Council to review after 6 months
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- 02 Aug 2023 05:34 PM
July 2023 GST Revenue Collection: ₹1,65,105 Crore with 11% YoY Growth
Source: https://taxguru.in/goods-and-service-tax/july-2023-gst-revenue-collection-11-percent-yoy-growth.html
The Ministry of Finance, Government of India, has released the GST revenue collection data for July 2023. The figures show a significant increase in GST collections compared to the same period last year. This article provides an in-depth analysis of the revenue collection and its implications.
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- 02 Aug 2023 05:10 PM
Gaming sponsors brace for impact amid GST turmoil
New Delhi: The marketing budgets of the top gaming industry sponsors could go haywire this year if the Goods and Services Tax (GST) Council on 2 August announces a higher taxation on the industry.
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- 02 Aug 2023 05:16 PM
GST Council meeting today: Officials may take key decision on 28% tax on online gaming
GST Council to discuss and decide on levying 28% GST on online gaming, casinos, and horse racing. Gamers and gaming companies have requested a revocation of the decision as it may hinder the growth of startups.
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- 02 Aug 2023 05:31 PM
Impressive Growth in Monthly GST Collection for FY 2021-22 & FY 2022-23
The Ministry of Finance has disclosed the monthly average gross Goods and Services Tax (GST) collection for the financial years 2021-22 and 2022-23, showcasing significant year-on-year growth. This article provides a detailed analysis of the GST collection data, along with insights into the government’s reforms to enhance GST compliance and increase tax collection.
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- 02 Aug 2023 05:20 PM
GST Council meet today: Here is what to expect
Source: https://www.livemint.com/economy/gst-council-meet-today-here-is-what-to-expect-11690958234545.html
Federal indirect tax body, the Goods and Services Tax (GST) Council, will on Wednesday finalize the fine print of the indirect tax regime covering online gaming, casinos and horse racing and put in place ways to check any tax evasion. Mint takes a look at what to expect and why online gaming platforms are up in arms.
Federal indirect tax body, the Goods and Services Tax (GST) Council, will on Wednesday finalize the fine print of the indirect tax regime covering online gaming, casinos and horse racing and put in place ways to check any tax evasion. Mint takes a look at what to expect and why online gaming platforms are up in arms.
- 01 Aug 2023 05:22 PM
GST Council should discuss burden on small businesses, tax frauds: Amit Mitra
Tax authorities usually pick up cases for verification based on certain risk parameters, red flags raised in the system and inputs from various other players in the ecosystem as they balance the needs for effective tax administration and ease of doing business.
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- 01 Aug 2023 05:26 PM
GST on online gaming: We have space to reach a middle-ground
The recommendation of India’s GST Council to impose a 28 % tax on the full face value of bets placed on online games has put the fate of the online skill-based gaming industry at serious risk. This is in direct contradiction with steps taken by the Union ministry of electronics and information technology (MeitY) to support the industry by introducing a regulatory system for permissible online gaming. The MeitY consultations that led up to that framework, led by minister of state for IT Rajeev Chandrasekhar, were hailed widely in the industry as being comprehensive, inclusive and evidence-based.
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