.jpeg)
Online Gaming companies have so far received show cause notice of Rs 1 lakh crore, names of these big companies are included
GST authorities have so far sent show cause notices worth Rs 1 lakh crore to online gaming companies, a senior official said today. These companies are accused of tax evasion. Apart from this, the official also said that there is no information about the registration of foreign gaming companies in India after October 1. Read the full news.
B
Business
NEWS CARD
“Online Gaming companies have so far received show cause notice of Rs 1 lakh crore, names of these big companies are included”
Read more onsangritoday.com
25 Oct 2023
A tax of 28 percent has started on online gaming, casinos, and horse racing in the country from October 1, 2023. Also, under the new laws, it has now become mandatory for foreign gaming companies to register in India.
In view of this, today a senior official said that GST officials have so far issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion.
Apart from this, the official also said that after October 1, no data has been revealed yet regarding the registration of foreign gaming companies in India.
The government has amended the GST law to impose 28 percent GST on online gaming, casinos, and horse racing and to register foreign gaming companies.
