GST Council Meeting: Can online gaming companies expect some cut from 28% tax limit?

GST Council Meeting: Can online gaming companies expect some cut from 28% tax limit?

GST meeting: At the GST meeting, central and state tax officials are expected to present a detailed “status report” regarding taxation related to online gaming and similar activities. This report will specifically outline the collection of GST revenue from the online gaming industry both pre and post October 1, 2023.   As of October 1, … Read more

Online gaming, casinos liable to 28 per cent GST since beginning: ​Revenue Secretary Sanjay Malhotra

Online gaming, casinos liable to 28 per cent GST since beginning: ​Revenue Secretary Sanjay Malhotra

As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and casinos even before. “Certain members had raised the issue of retrospective taxation. It was informed to them that … Read more

GST: GoM on online gaming, casinos submits report to Nirmala Sitharaman

GST: GoM on online gaming, casinos submits report to Nirmala Sitharaman

The panel of state ministers set up by the GST Council to look into taxation of online gaming and casinos on Thursday submitted its report to Finance Minister Nirmala Sitharaman. The GST Council, chaired by Sitharaman, may take up the report in its next meeting on Saturday (December 17). “Presented the Second Report of the … Read more