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The online gaming segment grew by 28 per cent in 2021 to reach USD 1.9 billion, as per NITI Aayog estimates
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They assert that the majority of the casualties will be concentrated in MSMEs and startups that host new-age business models.
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GST Council on Wednesday decided to levy a 28 per cent GST on online gaming and casinos on the face value of bets at entry level
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GST Council in its meeting on Wednesday is likely to finalise the modalities for determination of supply value in online gaming
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Hundreds of gamers from small towns and cities are getting together, taking to the streets, to appeal to the government for the withdrawal of the 28 per cent GST
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Moreover, the employee informed the official that risk profiling of the client is being done by Sebi-Mumbai
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The gross GST revenue for July rose by a meagre 2 per cent to Rs 1,65,105 crore as against Rs 1,61,497 crore collected in June
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National discourse surrounding video games in the last fortnight has been centered around the government’s decision to tax all online gaming activities at 28 per cent through GST
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Making sense of online games, games with elements of gambling, and fantasy sport.
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On July 11, the GST Council, headed by Finance Minister Nirmala Sitharaman, had decided to levy the highest slab of 28 per cent GST on the full value of money paid by users to play skill-based games, without any differentiation between games of skill and chance.
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Congress General Secretary Jairam Ramesh took a dig at Prime Minister Narendra Modi, tweeting that the Prime Minister's focus seems to be solely on favoring his selected capitalist associates.
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The 28 per cent GST on full value of online gaming will substantially and meaningfully erode investor confidence in the backing of this or any other sunrise sector in the Indian tech ecosystem, the investors lamented
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The GST collections till June in the current financial year was Rs 7,653.15 crore and 91 per cent of the target set for the period was achieve
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CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters
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The revenues for the month of June are 12 per cent higher than the GST revenues in the same month last year
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GST revenue of Telangana increased from Rs 28,786 crore in 2018-19 to Rs 41,889 crore in 2022-23, amounting to a substantial rise of Rs 13,103 crore
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The gross Goods and Services Tax revenue collections for May fell by 19 per cent to Rs 1,57,090 crore
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The basic structure doctrine, propounded 50 years ago, continues to be an effective check against politically motivated amendments
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KT Rama Rao came down heavily on the BJP government’s double standards in levying GST on the common people, even for milk and curd, and exempting corporate giants like the Adani Group
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The Indian manufacturers sourced raw materials such as cells, polysiloxanes, and ingots from China, however, the duties coupled with higher raw material prices have increased the input cost for domestic manufacturers, making domestic panels costly.
