IN a major relief to online gaming companies, the Supreme Court (SC) on Friday put a stay on GST show-cause notices amounting to ₹1.12 lakh crore against these companies. The court has suspended all further proceedings under these notices until the matter is conclusively adjudicated.
The court on Wednesday had agreed to hear the petition of these companies against GST department proceedings on notices served to them. The notices were issued against alleged tax evasion by these companies. However, the companies had moved courts against the notices disputing tax demand.
Dit verhaal komt uit de January 11, 2025 editie van The New Indian Express Vijayawada.
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Dit verhaal komt uit de January 11, 2025 editie van The New Indian Express Vijayawada.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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