By Vidushpat Singhania India's online gaming industry has emerged as a significant player in the digital economy, showcasing ...

The Supreme Court on Friday stayed show-cause notices for goods and services tax on online gaming companies worth Rs 1.12 lakh crore. It has scheduled the next hearing on the matter for March 18 and ...

The stay aims to prevent expiration of notices and address concerns from both gaming companies and the revenue department.

Supreme Court has halted proceedings related to show cause notices issued by the central GST body to online gaming companies.

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Supreme Court stays ₹1.12 lakh crore GST showcause notices on online gaming companies, clarifying tax applicability on e-gaming.

The notices, issued by GST authorities, were based on retrospective tax claims levied on the full face value of bets placed on gaming platforms from August 2017 to October 2023.

The GST Council on October 1, 2023 imposed a 28% tax on the full face value of bets placed on online gaming platforms. (IE) A bench of Justices JB Pardiwala and R Mahadevan observed that the ...

The numbers tell their own story and drive home the stark crushing reality of the Indian online gaming industry. Ever since the hike in tax rate –from 18% (on service fee/Gross Gaming Revenue) to ...

Over 50 RMG companies and industry associations including Gameskraft, AIGF, Games24x7, Head Digital Works, and EGF have challenged retrospective tax notices worth more than Rs 1.5 lakh crore in the ...

The Rajya Sabha, in December 2023, was informed that online gaming companies were served 71 show-cause notices related to GST ...