SC Schedules Final Hearing On July 25

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SUMMARY

During the hearing, online gaming platforms told the SC that the 28% GST of real money games was fundamentally flawed and contrary to the legal framework

V Sridharan, appearing for online gaming platforms, contended that the GST provisions before October 2023 were inadequate to impose 28% tax on online gaming players

SC is hearing a clutch of petitions against the 71 show cause notices issued to online gaming companies for alleged evasion of GST totalling INR 1.12 Lakh…



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SC Schedules Final Hearing On July 25


SUMMARY

During the hearing, online gaming platforms told the SC that the 28% GST of real money games was fundamentally flawed and contrary to the legal framework

V Sridharan, appearing for online gaming platforms, contended that the GST provisions before October 2023 were inadequate to impose 28% tax on online gaming players

SC is hearing a clutch of petitions against the 71 show cause notices issued to online gaming companies for alleged evasion of GST totalling INR 1.12 Lakh…



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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