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

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

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

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

SC has stayed GST notices worth Rs 1.12 lakh crore issued to online gaming companies. This and more in today’s ETtech Top 5.

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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 dispute related to GST tax demand made by the revenue authorities over alleged tax avoidance by the online gaming companies to the tune of over ₹1.20 lakh crore on the basis of the 28 per cent GST ...

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 ...