- 03 Oct 2023 06:37 PM
- New
Delta Corp share price slumps 4% as 28% GST on online gaming takes effect
Delta Corp GST news: Delta Corp share price slumped over 4% on Tuesday's trading session as a result of the introduction of the 28% Goods and Service Tax (GST) for online gaming effective, October 1. Previously, the GST on platform fees for online gaming platforms was 18%. Delta Corp shares closed at ₹136.90, down 4.06%.
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- 03 Oct 2023 06:30 PM
- New
DGGI sends GST evasion notices of ₹28,000 crore to Dream11, ₹21,000 crore to Play Games 24X7: Reports
The Directorate General of GST Intelligence (DGGI) has sent tax evasion notices of R 21,000 crore to Dream11, and of ₹21,000 crore to Play Games 24X7, reports said on October 3, citing persons who are privy to the development.
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- 02 Oct 2023 05:54 PM
- New
New tax rate on online money games kicks in
NEW DELHI : The new Goods and Services Tax (GST) regime of 28% tax on online money games, casinos and horse racing has kicked in from Sunday with Union government issuing orders on norms to be followed covering taxes to be collected by Centre and the Union Territories.
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- 02 Oct 2023 05:40 PM
Amended GST law provisions on e-gaming, casinos, horse racing to be effective from today. Know details
Finance Ministry notifies October 1 as the date for implementation of amended GST law to tax e-gaming, casinos, and horse racing.
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- 02 Oct 2023 05:43 PM
New tax regime for online money games kicks in
New Delhi: The new 28% Goods and Services Tax (GST) on online money games, casinos and horse racing kicked in on Sunday, with the central government issuing orders on the norms to be followed for the portion of taxes to be collected by the centre and the Union Territories.
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- 02 Oct 2023 05:51 PM
‘Online gaming GST order hits one nation, one tax spirit’
NEW DELHI : Online real-money gaming firms, and lawyers representing multiple companies in this sector, labelled the Centre’s way of implementation of the new goods and services tax (GST) rate on online gaming companies unprecedented. The stakeholders of the sector, which has remained under fire for numerous taxation issues through the year, claimed that the Centre’s notification of the new online gaming GST regime—done before all states have fully adopted it—could be used as a precedent for breaking the “one nation, one tax" format of GST going forward, and is also in contravention of the law.
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- 02 Oct 2023 05:48 PM
GST collection hits ₹1.62 trillion in September
Central and state governments collected ₹1.62 trillion in goods and services tax (GST) in September, marking the fourth highest monthly collection since the inception of the indirect tax regime and a 10% annual growth from the year-ago period.
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- 29 Sep 2023 06:33 PM
Revenue loss still a road block to fuel GST
NEW DELHI : Petroleum products are unlikely to be brought under the Goods and Services Tax (GST) anytime soon, as doing so can cause states’ fiscal deficit to balloon, while also widening revenue losses for the Centre, two senior government officials told Mint.
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- 29 Sep 2023 06:35 PM
Hard luck for angels
Source: https://www.livemint.com/opinion/quick-edit/hard-luck-for-angels-11695751729303.html
Closing tax loopholes is challenging but necessary. Levying goods and services tax on betting platforms and revising India's 'angel tax' help prevent tax evasion.
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- 29 Sep 2023 06:38 PM
Govt’s GST claims from gaming firms may touch ₹1.5 tn
The Directorate General of GST Intelligence (DGGI) is expected to issue tax demands of as much as ₹1.5 trillion ($18 billion) cumulatively to companies in the online gaming sector for alleged underpayment of taxes over several years, three people aware of the matter said.
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