GST
- Technology
Indian gaming platform WinZO enters Brazil amid 400% GST hike
New Delhi: Homegrown vernacular social gaming platform WinZO on Thursday announced the launch of its app in Brazil, as gaming companies in the country feel threatened by a massive 400 per cent…
- Business
Govt notifies amendments to GST law on deposit refunds issued by online gaming portals, casinos
New Delhi: The government has notified amendments to GST law in relation to the valuation methodology to be adopted by online gaming companies and casinos for calculating tax. The finance ministry notified…
- Business
GST revenues grow 11 pc to about Rs 1.6 lakh crore in August: Revenue secretary
New Delhi: The GST revenues for August 2023 have shown a growth of 11 per cent year on year due to increased compliance and less evasion, Revenue secretary Sanjay Malhotra said on…
- India
Monsoon a concern for Rs 8000cr incense sticks market
Kolkata: The NR Group, owner of the world’s largest incense stick brand Cycle, on Thursday said monsoon rains will trigger the growth of the Rs 8,000-crore sector, though there are some concerns…
- India
Lok Sabha passes GST amendments bill to levy 28% GST on online gaming, casinos
New Delhi: Lok Sabha on Friday approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos…
- India
28% tax on online gaming: Centre to seek introduction, passage of bill to amend GST Act
New Delhi: The central government on Friday will seek the introduction and passage of the Central Goods and Services Tax (Amendment) Bill, 2023 and Integrated Goods and Services Tax (Amendment) Bill, 2023…
- India
Cabinet clears changes to GST laws to levy 28% tax on online gaming
New Delhi: The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse…
- India
Something terribly wrong with govt’s tax theology: Congress
New Delhi: Congress on Thursday said that all gaming is not gambling and something is terribly wrong with the government’s tax theology and its much touted focus on innovation and startups. Taking…
- Business
28% GST on online gaming stays; to be reviewed after 6 months of roll-out
New Delhi: The decision to impose a 28 per cent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was…
- Business
GST evasion cases rose 23.5% in 2 years, 166% rise in detection
New Delhi: There has been a rise of 23.5 per cent in cases of GST detection between 2020-21 and 2022-23, while in terms of detection of GST evaded, there is a huge…
- Business
GST detects Rs 27 crore tax evasion; only Rs 922 crore recovered
New Delhi: In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people…
- Business
Gaming industry proposes new GST levy formula to government
New Delhi: The online gaming industry has suggested a new formula to the government for levy of 28 per cent GST on its activities, mainly seen as a measure to protect its…
- Business
Top investors urge PM Modi to reconsider 28% GST on online skill gaming
New Delhi: An influential group of global and Indian investors like Tiger Global, DST Global, Peak XV Partners, Kalaari Capital, Matrix Partners India, and Kotak Private Equity have urged Prime Minister Narendra…
- Business
GST collection, devolution a success story in NE: Sitharaman
Guwahati: The North Eastern states have scripted a success story in the collection and devolution of the Goods and Services Tax (GST), Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said…
- Business
GST officials search UpGrad offices, edtech unicorn says ‘routine survey’
New Delhi: Goods and Services Tax (GST) Department officials made searches at Ronnie Screwvala-founded edtech unicorn upGrad offices on Wednesday. The company said that it was a “routine survey”. In a statement…
