Key Points
The GST panel, made up of state and central revenue officials, has delayed a final decision on how to handle the outstanding tax liabilities of online gaming companies, sources have told Business Today Television...
Many online gaming companies have written to the Ministry of Finance, highlighting the industry's total tax liabilities of Rs 1.5 lakh crore, with casino tax liabilities exceeding ten times their annual revenues...
In August 2023, during the 51st GST Council meeting, officials proposed changes to the Central Goods and Services Tax (CGST) Act, 2017, and the Integrated Goods and Services Tax (IGST) Act, 2017..
These changes, including updates to Schedule III of the CGST Act, were intended to clarify the tax rules for casinos, horse racing, and online gaming...
The 52nd GST Council meeting on October 7, 2023, revisited the issue of tax liabilities for past cases..
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