Quick Summary
The Directorate General of GST Intelligence (DGGI) has slapped a tax demand of Rs 21,000 crore on Bengaluru-based online gaming company Gameskraft Technology (GTPL), exposing the massive scale of tax evasion in the thriving betting and gaming industry. This is the largest single indirect tax demand on any evader till date. Confirming the development, a senior official from the Central Board of Indirect Taxes and Customs (CBIC) said: The instant case shows the extent of tax evasion in betting
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FAQ :
Gameskraft Technology has been issued a GST demand notice of £21,000 crore.
The Directorate General of GST Intelligence (DGGI) issued the notice.
The notice covers the period between 2017 and June 30, 2022.
GST is demanded on an aggregate betting amount of about £77,000 crore.
The DGGI alleges that Gameskraft did not issue invoices to customers and submitted fake or backdated invoices to tax authorities, classifying the activity as gambling and betting.
Online gaming that does not involve skill is taxed at the highest slab of 28% on the entire consideration.
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