Online gaming companies face Rs 1 lakh crore GST notices
Wednesday, 25 October 2023
India's online gaming industry has been issued show-cause notices amounting to Rs 1 lakh crore, despite concerns raised about applicable GST rates. The government insists on a 28% GST rate, effective from October 1, for all online games involving bets. The amendments to GST laws aim to streamline the taxation of online gaming and bring it under the GST framework. The move is part of broader efforts to clarify tax rates and enhance tax collections in growing industries.
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