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.

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 MILLENNIUM POST DELHIView all
Millennium Post Delhi

What's Coming Next?

From 'Dune: Prophecy' to 'Sikandar Ka Muqaddar'; here is a selection of new OTT offerings for you to enjoy

time-read
1 min  |
November 17, 2024
A LIVING LEGACY OF UNYIELDING SPIRIT
Millennium Post Delhi

A LIVING LEGACY OF UNYIELDING SPIRIT

As Liverpool Football Club transitions from Klopp's 'heavy metal football' to Slot's 'composed and tactical style' while preserving its iconic legacy and unparalleled fan connection, the anthem 'You'll Never Walk Alone' continues to ring true

time-read
4 mins  |
November 17, 2024
'People realised there was another facet to me'
Millennium Post Delhi

'People realised there was another facet to me'

'Bhool Bhulaiyaa' opened up new opportunities for actress Vidya Balan

time-read
3 mins  |
November 17, 2024
Millennium Post Delhi

Books, Bureaucracy & Beyond

In an exclusive interview with Millennium Post, former IAS officer Sanjeev Chopra sheds light on his intermingled journey as an administrator and writer, his diverse literary works, and his continuing role in curating the famous Valley of Words literature festival

time-read
5 mins  |
November 17, 2024
Sunrise for sustainability
Millennium Post Delhi

Sunrise for sustainability

Solar power-a cost-effective and emission-free energy source-is foremost among the green alternatives for combating climate change, achieving net-zero targets, and revolutionising energy sectors worldwide

time-read
3 mins  |
November 17, 2024
Millennium Post Delhi

Carlsen, Lagno in lead; Pragg in hot pursuit

TATA STEEL CHESS

time-read
1 min  |
November 17, 2024
ACT: Three cheers for India, stun China
Millennium Post Delhi

ACT: Three cheers for India, stun China

Defending champions India stunned Olympic silver medallist China 3-0 to seal a semifinals spot at the women's Asian Champions Trophy here on Saturday.

time-read
1 min  |
November 17, 2024
One for the future? Tilak leaves SKY wanting more
Millennium Post Delhi

One for the future? Tilak leaves SKY wanting more

Suryakumar hails young gun for 'walking the talk'

time-read
1 min  |
November 17, 2024
Gill injured, India breathless
Millennium Post Delhi

Gill injured, India breathless

Suffers thumb injury with top-order already looking brittle for Ist Test

time-read
2 mins  |
November 17, 2024
Israeli troops reach deepest point in Lebanon since Oct 1
Millennium Post Delhi

Israeli troops reach deepest point in Lebanon since Oct 1

Israeli troops captured hill in Chamaa in south Lebanon about 5 kilometers from Israeli border

time-read
2 mins  |
November 17, 2024