- 11 Aug 2023 05:51 PM
- New
Impact of 28% GST on Online Gaming: Government’s Decision Explained
Source: https://taxguru.in/goods-and-service-tax/impact-28-percent-gst-online-gaming-explanation.html
Introduction: This article provides insights into the Indian Government’s decision to levy a 28% Goods and Services Tax (GST) on online gaming websites. It explains the motives behind the decision, its potential impact on the online gaming industry, the expected tax revenue, and whether any states opposed this decision in the GST Council.
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- 11 Aug 2023 05:45 PM
- New
No Plans to Lower Disability Percentage for GST Concessions
Source: https://taxguru.in/goods-and-service-tax/plans-lower-disability-percentage-gst-concessions.html
Introduction: This article presents the Indian Government’s response to a query regarding the issuance of GST concession certificates to disabled individuals. It provides information about the number of beneficiaries across states, considerations for reducing the percentage of disability for availing concessions, and the government’s stance on the matter.
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- 11 Aug 2023 05:42 PM
- New
GST Rate on Millets and Health Mix Products: Government’s Response
Source: https://taxguru.in/goods-and-service-tax/gst-rate-millets-health-mix-products-indian-government.html
Introduction: This article presents the Indian Government’s response to a query about the consideration of reducing the Goods and Services Tax (GST) rate on millet-based health mix products and ready-to-eat millet products. It explains the government’s stance and the steps taken by the GST Council in this regard.
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- 11 Aug 2023 05:39 PM
GSTN and PMLA: Framework, Discussions and Impact
Source: https://taxguru.in/goods-and-service-tax/gstn-pmla-framework-discussions-impact.html
GSTN, established with the purpose of offering shared IT infrastructure and services, serves as a platform for the implementation of the Goods & Services Tax (GST). PMLA, on the other hand, has the objective of preventing money laundering and confiscating property linked to such activities.
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- 11 Aug 2023 05:34 PM
Main user allowed to grant access to IRNs generated by them to sub-user: NIC
The National Informatics Centre has introduced a significant update in user management. Sub-users now have the capability to access e-Invoices generated by the main user. They can perform essential actions like viewing, canceling, and generating e-Waybills (EWB) for these invoices. The main user retains control over these permissions through the “Update Sub-user” option.
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- 10 Aug 2023 05:17 PM
Cabinet okays GST changes to betting on online games
The Union cabinet on Wednesday cleared legislative changes needed to implement the GST Council’s decision to ensure that 28% GST is paid on the full value of amounts deposited by players for betting on online games, casinos and horse races, three people familiar with the development said.
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- 09 Aug 2023 05:28 PM
GST@6: Forward looking thought
Source: https://www.livemint.com/opinion/first-person/gst6-forward-looking-thought-11691577055780.html
As we enter the seventh year of the GST regime, it is crucial to address the prolonged issues and challenges while embracing forward-looking thoughts.
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- 09 Aug 2023 05:07 PM
GST impact: Mobile Premier League to slash 350 jobs
New Delhi: As one of the fallouts of the meek outlook following the decision of the GST Council to increase the GST burden on gamers and gaming companies to 28%, one of the largest players in the fantasy gaming business, Mobile Premier League (MPL), has decided to slash 350 jobs.
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- 09 Aug 2023 05:10 PM
28% GST on full face value of bets to yield more tax revenue: finance minister
Some online gaming companies and horse race clubs are disputing the 28% levy before various legal fora
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- 09 Aug 2023 05:22 PM
ICICI Lombard responds to GST notice, alleging tax demand of ₹273 crore; check here
ICICI Lombard General Insurance Company Limited has received a Goods and Services Tax (GST) show-cause notice, alleging a tax demand of ₹273.4 crore along with interest, the company informed the BSE.
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