Supreme Court Ruling May Open Door to Dual Taxation on OTT Platforms, Gaming Apps

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Supreme Court Ruling May Open Door to Dual Taxation on OTT Platforms, Gaming Apps
The Supreme Court’s recent ruling permitting dual taxation on television broadcasters could have far-reaching implications for over-the-top (OTT) platforms, subscription-based digital content services, and gaming applications, industry experts have warned, according to an Economic Times report. The verdict is expected to increase the tax burden and create uncertainty in a sector that has so far operated under a streamlined Goods and Services Tax (GST) regime.

Dual Taxation Permitted

In its judgment dated May 22 in the case of Asianet Satellite…



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Supreme Court Ruling May Open Door to Dual Taxation on OTT Platforms, Gaming Apps


Supreme Court Ruling May Open Door to Dual Taxation on OTT Platforms, Gaming Apps
The Supreme Court’s recent ruling permitting dual taxation on television broadcasters could have far-reaching implications for over-the-top (OTT) platforms, subscription-based digital content services, and gaming applications, industry experts have warned, according to an Economic Times report. The verdict is expected to increase the tax burden and create uncertainty in a sector that has so far operated under a streamlined Goods and Services Tax (GST) regime.

Dual Taxation Permitted

In its judgment dated May 22 in the case of Asianet Satellite…



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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