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"gst"

  • Parliament passes bills to levy 28 pc GST on e-gaming, making registration mandatory for offshore platforms

    Parliament 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
  • FM Sitharaman to present Central GST Amendment Bill on last day of monsoon parliament session

    PM Modi said that all efforts will be made to restore peace in the northeastern state which will soon walk the path of progress.
  • Centre proposes 28% GST on online gaming and casinos, seeks Amendment to GST Act

    The proposed change to the Central Goods and Services Tax Act will enable the implementation of a 28 percent GST rate for horse racing, online gaming, and casinos.
  • After MPL, gaming startup Hike lays off 22 pc of employees amid GST row

    Business is in best shape ever but this 400 per cent increase in GST is a bazooka pointed at us, Hike founder Mittal said in a statement
  • Cabinet clears changes to GST laws to levy 28% GST on online gaming, casinos, horse race clubs

    The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament
  • 28 per cent GST on casinos, online gaming will result in higher revenues: FM Nirmala Sitharaman

    The online gaming segment grew by 28 per cent in 2021 to reach USD 1.9 billion, as per NITI Aayog estimates
  • Imposition GST on deposits could potentially eliminate 80% of online gaming industry

    They assert that the majority of the casualties will be concentrated in MSMEs and startups that host new-age business models.
  • 28 per cent GST on online gaming stays; to be reviewed after 6 months of roll-out

    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
  • GST Council meet on Wednesday to finalise modalities for taxing online gaming, casinos

    GST Council in its meeting on Wednesday is likely to finalise the modalities for determination of supply value in online gaming
  • Online gamers from small towns seek withdrawal of ‘punitive’ 28 per cent GST

    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
  • Investment advisory firm attempts to sell assured return product to Sebi official; slapped fine

    Moreover, the employee informed the official that risk profiling of the client is being done by Sebi-Mumbai
  • GST collections for July rise 2 per cent to Rs 1,65,105 crore

    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
  • Game On: Online gaming industry dealt a ‘taxing’ blow

    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
  • Video Games taxed at 28 per cent: A need for clarification and demarcation

    Making sense of online games, games with elements of gambling, and fantasy sport.
  • Gaming industry puts forward new GST levy formula to government

    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.
  • Congress claims MSME sector yet to recover fully from femonetisation and GST impact

    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.
  • Reconsider 28 pc GST on online skill gaming: Investors urge PM Modi 

    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
  • Andhra Pradesh records 23.74 per cent increase in GST collections till June, 2023

    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
  • Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing

    CBIC is working on biometric authentication of risky entities under GST as it looks to crack down on fraudsters
  • GST revenue in June witnesses 2.80 per cent rise

    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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