Inter-departmental committee likely to be set up to ensure compliance by online gaming platforms
Millennium Post Delhi|September 16, 2024
Show Cause Notices have been issued to 34 taxpayers with tax amount worth Rs 1,10,531.91 cr
Inter-departmental committee likely to be set up to ensure compliance by online gaming platforms

An inter-departmental committee with representatives from ED, RBI, tax and consumer affairs departments may be set up to combat the proliferation of online gaming platforms and ensure regulatory compliance, a DGGI report said.

The GST intelligence wing of the Central Board of Indirect Taxes and Customs (CBIC) has initiated action against 118 domestic online gaming entities, and Show Cause Notices have been issued to 34 taxpayers involving tax amount of Rs 1,10,531.91 crore. The notices were issued to these gaming companies as they were not paying GST at 28 per cent rate.

Furthermore, 658 offshore entities have been identified as non- registered/non-compliant entities and are being investi-

gated by the DGGI. Also, 167 URL/websites have been recommended for blocking.

هذه القصة مأخوذة من طبعة September 16, 2024 من Millennium Post Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة September 16, 2024 من Millennium Post Delhi.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Millennium Post Delhi

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Millennium Post Delhi

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Millennium Post Delhi

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Millennium Post Delhi

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