The Central Board of Indirect Taxes and Customs (CBIC) is said to have contacted a half-dozen online gaming companies based in Malta, the United Kingdom, and Gibraltar to gather data on the number of Indian users and the amounts they have spent.
According to ET, tax officials sent letters to the gaming companies about six weeks ago, citing sources. “They (tax officials) are trying to get a sense of the extent of money that is finding its way to offshore gaming companies. The CBIC is looking into gaming companies, including online gaming companies, for alleged GST evasion totaling nearly INR 23,000 Cr.
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The Central Board of Indirect Taxes and Customs (CBIC) is said to have contacted a half-dozen online gaming companies based in Malta, the United Kingdom, and Gibraltar to gather data on the number of Indian users and the amounts they have spent.
According to ET, tax officials sent letters to the gaming companies about six weeks ago, citing sources. “They (tax officials) are trying to get a sense of the extent of money that is finding its way to offshore gaming companies. The CBIC is looking into gaming companies, including online gaming companies, for alleged GST evasion totaling nearly INR 23,000 Cr.
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.
