GST on Online Gaming: The 28 percent tax on online gaming, casino and horse racing will remain intact. This decision was taken in the 51st GST Council meeting. Finance Minister Nirmala Sitharaman said after the meeting that the decision to impose 28 percent tax on the full face value of online gaming bets will be … Read more
GST On Online Gaming: The Goods and Services Tax (GST) Council has decided to levy a tax of 28 per cent on the total amount wagered on online gaming companies, casinos and horse races. People associated with this industry are fiercely opposing this decision taken by the council. People associated with this field believe that … Read more
[ad_1] The Enforcement Directorate conducted searches and seizures at 25 locations across five states and union territories in connection with its foreign exchange violation probe against several foreign-registered online gaming companies and websites operating from India. The ED has found that companies registered in small island countries were collecting money from India and siphoning it … Read more
[ad_1] Satta Matka Online Game GST News: The government can impose GST at the rate of 28% on betting (Satta Matka) or gambling (Gambling). At the same time, online gaming with skills can be taxed at less than 18%. For this, the Finance Ministry is considering classifying online gaming into the categories of Game of … Read more