GST
- India
Cabinet clears changes to GST laws to levy 28% tax on online gaming
New Delhi: The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse…
- India
Something terribly wrong with govt’s tax theology: Congress
New Delhi: Congress on Thursday said that all gaming is not gambling and something is terribly wrong with the government’s tax theology and its much touted focus on innovation and startups. Taking…
- Business
28% GST on online gaming stays; to be reviewed after 6 months of roll-out
New Delhi: The decision to impose a 28 per cent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was…
- Business
GST evasion cases rose 23.5% in 2 years, 166% rise in detection
New Delhi: There has been a rise of 23.5 per cent in cases of GST detection between 2020-21 and 2022-23, while in terms of detection of GST evaded, there is a huge…
- Business
GST detects Rs 27 crore tax evasion; only Rs 922 crore recovered
New Delhi: In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people…
- Business
Gaming industry proposes new GST levy formula to government
New Delhi: The online gaming industry has suggested a new formula to the government for levy of 28 per cent GST on its activities, mainly seen as a measure to protect its…
- Business
Top investors urge PM Modi to reconsider 28% GST on online skill gaming
New Delhi: An influential group of global and Indian investors like Tiger Global, DST Global, Peak XV Partners, Kalaari Capital, Matrix Partners India, and Kotak Private Equity have urged Prime Minister Narendra…
- Business
GST collection, devolution a success story in NE: Sitharaman
Guwahati: The North Eastern states have scripted a success story in the collection and devolution of the Goods and Services Tax (GST), Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said…
- Business
GST officials search UpGrad offices, edtech unicorn says ‘routine survey’
New Delhi: Goods and Services Tax (GST) Department officials made searches at Ronnie Screwvala-founded edtech unicorn upGrad offices on Wednesday. The company said that it was a “routine survey”. In a statement…
- Business
Reverse 28% GST, segregate skill gaming from gambling: 127 gaming leaders to govt
New Delhi: Around 127 online gaming companies and organisations have written an open letter to the government, urging it to reverse the 28 per cent GST on the full deposit value and…
- India
With GST being linked to ED, traders paying tax could also be arrested: Delhi CM Kejriwal
New Delhi: Delhi Chief Minister Arvind Kejriwal alleged on Tuesday that with the Goods and Services Tax (GST) being linked with the Enforcement Directorate (ED), even those traders paying the tax can…
- India
Delhi’s GST collection in first quarter rose 15 pc, reflects honest governance: Kejriwal
New Delhi: The Delhi government’s GST collection rose 15 percent in the first quarter of the 2023-24 fiscal compared to the year-ago period, with Chief Minister Arvind Kejriwal saying honest governance leads…
- Bangalore
JD(S) won’t participate in BJP’s opposition parties’ meeting: H D Kumaraswamy
Bengaluru: Former Chief Minister and JD(S) leader H D Kumaraswamy on Sunday said his party will not take part in the BJP’s opposition parties’ meeting in Bengaluru as the JD(S) was not…
- India
Centre to mandate geotagging, biometrics to curb fake businesses
New Delhi: To curb the practice of fake GST invoices and bogus entities, the central government is planning to make geotagging of addresses of all companies mandatory. Also there are plans to…
- Business
GST helped increase revenue buoyancy of states: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Saturday said Goods and Services Tax (GST) has increased revenue buoyancy of states, and the all-round benefit stands out as “exemplary”. The multiplicity of taxes in…
