Quick Summary
In a significant development, the Goods and Services Tax (GST) authorities in India have initiated a sweeping crackdown on the online gaming industry, with show cause notices amounting to an astounding Rs 1 lakh crore issued to various companies for alleged tax evasion. A senior official, speaking o
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FAQ :
GST authorities have issued show cause notices amounting to Rs 1 lakh crore to online gaming companies.
The notices have been issued on grounds of alleged tax evasion and underpayment of taxes.
A pivotal amendment to the GST law, mandating overseas online gaming entities to register in India, became effective from October 1, 2023.
The GST Council clarified in August that a 28 percent GST would be levied on the complete value of bets placed on online gaming platforms.
Renowned players like Dream11 and casino operator Delta Corp have received GST show cause notices. A separate case involves GamesKraft for Rs 21,000 crore.
The central government has filed a Special Leave Petition in the Supreme Court after the Karnataka High Court ruled in favour of GamesKraft regarding a Rs 21,000 crore notice.
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