‘Not Opposed To Prospective Levy Of 28% GST’: Gaming Cos To SC

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SUMMARY

During the hearing at the apex court, online gaming companies said that the industry does not oppose 28% GST on the full face value

The companies stand against the idea of applying the tax to past transactions

Advocate Abhishek A Rastogi argued if retrospective tax imposition is “legally valid and constitutionally justifiable”

Amid the goods and services tax (GST) turmoil, the online gaming companies have reportedly told the Supreme Court that the industry does not…



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‘Not Opposed To Prospective Levy Of 28% GST’: Gaming Cos To SC


SUMMARY

During the hearing at the apex court, online gaming companies said that the industry does not oppose 28% GST on the full face value

The companies stand against the idea of applying the tax to past transactions

Advocate Abhishek A Rastogi argued if retrospective tax imposition is “legally valid and constitutionally justifiable”

Amid the goods and services tax (GST) turmoil, the online gaming companies have reportedly told the Supreme Court that the industry does not…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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