TAG: online gaming
Online gaming: Understanding the tangled web of taxes
The taxability of online gaming services under goods and services tax (GST) has always been tricky, hinged on the distinction of whether they are classified as 'gambling' or 'skill-based' activities. While gambling activities such as betting and casino ga...
5 months ago
Online gaming drives economic growth, boosts GST collections
Online gaming has grown into a sector of significant economic and social impact. In his post-budget interviews, CBIC Chairman Sanjay Agarwal highlighted the growth in the government’s GST revenue and emphasized the online gaming industry’s contribution to...
2 months ago
GST Council to discuss application of Section 11A amendment to resolve retrospective tax disputes
The Goods and Services Tax (GST) Council is set to meet in Delhi on September 9 to discuss the implementation of the newly introduced Section 11A in the Central Goods and Services Tax Act (CGST) of 2017.The meeting will focus on interpreting the amendment...
1 month ago
GST Council to use Section 11A for retro tax relief in rare cases: Revenue Secy
The newly introduced Section 11A of the GST Act 2017, through an amendment, will be used in “rarest of the rare cases” to offer retrospective Goods and Services Tax (GST) relief, Revenue Secretary Sanjay Malhotra clarified after the GST Council's Septembe...
1 month ago