Key Points
The Supreme Court on Monday sought responses from the Centre and the Directorate General of Goods and Services Tax (GST) Intelligence on various petitions filed by online gaming companies challenging the 28% levy on all forms of online gaming...
The E-Gaming Federation along with Play Games24x7, Head Digital Works, and other gaming startups have challenged these tax notices...
The notices raised GST demand on the 'buy-in' amount for each game and proceeds, reasoning that the staking of money in online games (whether of skill or chance) amounts to betting and gambling and that the 'buy-in' constitutes a transfer of goods as actionable claims, according to petitions challenging the notices...
The show-cause notices were issued after the government clarified that all online games involving betting and gambling, irrespective of skill or chance, will attract 28% GST on full-face value of the bets from October 1, 2023..
The government believes some of these firms leveraged the lack of clarity on taxation of "game of chance" and "game of skill" before October 1 and there was a need to have a uniform 28% GST on the full value of bets placed on online gaming platforms...
You might be interested in
SC refuses to grant stay on tax notices to E-gaming companies
15, Dec, 23The show cause notices were issued after the government clarified that online gaming, betting, and gambling will be levied 28% GST on the full face value from October 1. The government believes that some of these firms leveraged the lack of clarity on taxation of game of chance and game of skill before October 1 and there was a need to have a uniform 28% GST on the full value of bets placed on online gaming platforms. The government also amended the GST law making it mandatory for overseas online gaming companies to register in India from October 1.
GST Council meet: 28% GST to be levied on online gaming, horse racing, casinos, says FM
11, Jul, 23GST Council has exempted cancer-related drugs, medicines for rare diseases and food products for special medical purposes from GST, says FM Nirmala Sitharaman
Finance ministry notifies 28% GST for online gaming
01, Oct, 23India Business News: From October 1, online gaming companies will charge 28% GST on full value of bets, while offshore platforms too would be required to have GST registr
‘Rockets, move crypto’: Anupam Mittal on 28% online gaming GST, tomato prices
12, Jul, 23Earlier, Ashneer Grover had also attacked GST council's decision of a 28% tax, the highest slab, on online gaming.
‘Startup founders enter politics’: Ashneer criticises 28% GST on online gaming
11, Jul, 23Ashneer Grover tweeted, “Time for startups Founders to enter politics and be represented - or this is going to be spate industry after industry.”
28% GST on online gaming: Government unlikely to review decision
17, Jul, 23Online gaming firms are believed to have written to the finance ministry to reconsider the increase, expressing concerns that it would impact the sector and lead to job losses
‘Tax evasion notices will shut e-gaming firms’: Atishi ahead of GST council meet
07, Oct, 23Delhi FM Atishi said that the tax evasion notices worth ₹1.5-lakh cr will shut online gaming companies, will seek their withdrawal at GST Council meet.
GST Council to meet on August 2 to discuss 28% tax on online gaming
27, Jul, 23The special meeting is expected to thrash out issues such as repetitive taxation in determining the full face value among other matters flagged by the gaming industry.
All states for 28% GST on online money gaming effective from 1 October: Revenue Secy Sanjay Malhotra
07, Oct, 23The clarification comes in the context of some of the states not being able to pass state GST law changes when the new tax regime for online money games kicked in from 1 October as had been decided by the Council, creating some confusion among the industry.
Online gaming companies get Rs 1 lakh cr GST show cause notices so far
25, Oct, 23Online gaming companies have been served show-cause notices to the tune of Rs 1 lakh crore for tax evasion so far, according to a senior official