Review of GST on online gaming likely next fiscal
Hindustan Times|September 28, 2023
The Goods and Services Tax Council may review implementation-related pertaining to levying 28% GST on the face value of online gaming and casinos by the first quarter of next financial year, two officials said adding that some of these firms have approached various courts over their accumulated tax dues since 2017, and that the law will take its own course where these are concerned.
Rajeev Jayaswal
Review of GST on online gaming likely next fiscal

The 50th and 51st GST Council's decisions were more of clarifications as there was no ambiguity even in past that online gaming with betting elements always fell in the highest slab of 28%, the officials added, asking not to be named.

"As per the law, demands have been raised to all those online gaming firms that did pay GST since 2017. Any kind of betting always attracted the highest GST rate. Naturally, those who did not pay the tax have accumulated dues along with penalties and interest," one of them said, explaining why the tax demand appears disproportionately high.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM HINDUSTAN TIMESView all
Palestinian PM Resigns Citing 'New Reality' Of War In Gaza
Hindustan Times

Palestinian PM Resigns Citing 'New Reality' Of War In Gaza

The United States and other powers have called for a reformed Palestinian Authority to take charge of all Palestinian territories after the end of war

time-read
1 min  |
February 27, 2024
Future Perfect: The Kids Are All Right
Hindustan Times

Future Perfect: The Kids Are All Right

Gill and Jurel hold out promise by simplifying a challenging chase to help India seal series

time-read
4 mins  |
February 27, 2024
Akshay feels 'blessed' to have worked with OG Ramayan cast
Hindustan Times

Akshay feels 'blessed' to have worked with OG Ramayan cast

Director Akshay K Agarwal shot a music video, Humare Ram Aaye Hai, with the cast of the 1987 TV show, Ramayanactors Arun Govil, Dipika Chikhlia and Sunil Lahri - in Ayodhya recently.

time-read
1 min  |
January 22, 2024
Musk's firm gets nod for Sat Net; joins Jio, Bharti
Hindustan Times

Musk's firm gets nod for Sat Net; joins Jio, Bharti

Starlink, owned by billionaire Elon Musk, has been allowed to offer satellite broadband services in India, two officials aware of the development said.

time-read
2 mins  |
January 22, 2024
A temple, 169 years in the making
Hindustan Times

A temple, 169 years in the making

Through decades of design and reworks, hurdles in engineering and construction, HT pieces together how the grandeur of the Ram Temple was reclaimed

time-read
8 mins  |
January 22, 2024
'Political interference' forces Vihari to quit Andhra cricket
Hindustan Times

'Political interference' forces Vihari to quit Andhra cricket

After Andhra bowed out of the Ranji Trophy at the quarter-final stage with a four-run defeat to Madhya Pradesh in Indore on Monday, senior batter Hanuma Vihari launched a scathing attack on the Andhra Cricket Association (ACA), saying he will never turn up for the state again.

time-read
2 mins  |
February 27, 2024
Shafali, Kapp lead Capitals to a 9-wicket win over Warriorz
Hindustan Times

Shafali, Kapp lead Capitals to a 9-wicket win over Warriorz

A blazing fifty by Shafali Verma (64₹, 43 balls) helped Delhi Capitals make a mockery of a target of 120 and open their account in the second edition of the Women's Premier League (WPL).

time-read
2 mins  |
February 27, 2024
Making 'unbelievable things believable', the Ayhika way
Hindustan Times

Making 'unbelievable things believable', the Ayhika way

The India No. 7 was an inspired pick for the world team event and she repaid the faith, beating the Chinese world No.1

time-read
3 mins  |
February 27, 2024
'Connected TVs to reach 45 mn by 2024-end in India'
Hindustan Times

'Connected TVs to reach 45 mn by 2024-end in India'

With improvement in broadband penetration, Indian households are increasingly opting for connected or addressable TVs.

time-read
1 min  |
February 27, 2024
India chip strategy makes progress as $21 billion in proposals received
Hindustan Times

India chip strategy makes progress as $21 billion in proposals received

The Indian government, after years of watching from the sidelines of the chips race, now has to evaluate $21 billion of semiconductor proposals and divvy up taxpayer support between foreign chipmakers, local champions or some combination of the two.

time-read
1 min  |
February 27, 2024