Quick Summary
The Directorate General of GST Intelligence (DGGI), Meerut Zone, has arrested two owners of online gaming companies for allegedly evading Rs 320 crore in GST by under-reporting revenues and routing funds through shell entities. Officials said the accused, Rajan Joshi of Delhi and Ravi Singh of Farid
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FAQ :
Two owners of online gaming companies, Rajan Joshi and Ravi Singh, have been arrested by the DGGI.
The alleged GST evasion amounts to Rs 320 crore.
They allegedly under-reported revenues, claimed to be IT service providers, and paid 18% GST on commissions instead of the 28% GST on the full face value of gaming transactions.
The gaming platforms allegedly collected nearly Rs 1,200 crore from players.
Investigators are also looking into allegations of money laundering, misappropriation of user funds, and the use of dummy entities for financial transactions.
The investigation involves companies like Progressfin Payment Technologies Pvt Ltd, Spacehigh Tech Solution Pvt Ltd, SRS Live Technologies Pvt Ltd, and Envirowheels Technologies Pvt Ltd.
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