Despite the imposition of a significantly high rate of GST at 28%, the Indian online gaming industry raked in an impressive ...
Deepak Gullapalli, CEO and Founder, hopes for review of 28% GST rate, which he says is blocking entry of new companies and ...
The stay aims to prevent expiration of notices and address concerns from both gaming companies and the revenue department.
Supreme Court stays ₹1.12 lakh crore GST showcause notices on online gaming companies, clarifying tax applicability on e-gaming.
The GST Council on October 1, 2023 imposed a 28% tax on the full face value of bets placed on online gaming platforms. (IE) A bench of Justices JB Pardiwala and R Mahadevan observed that the ...
The real-money gaming industry is hoping for a resolution of the retrospective taxation issues and lower GST rates to sustain ...
“Post implementation of the heightened GST regime for online gaming platforms, EBIDTA margins have narrowed significantly,” said the company in a statement. In an interaction with BT, Deepak ...
As the Union Budget 2025 approaches, the liquor, tobacco, and gaming industries are eagerly anticipating reforms to tackle ...
The notices, issued by GST authorities, were based on retrospective tax claims levied on the full face value of bets placed on gaming platforms from August 2017 to October 2023.