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GST DEMAND QUASHED
Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
SC upholds govt retrospective 28% GST levy on online gaming companiesThe Supreme Court has backed the government's retrospective 28% GST on online gaming. The court ruled that online gaming platforms are not ...
Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
SC upholds HC ruling on input tax credit for telecom towersThe Supreme Court has ruled in favour of Bharti Airtel and Indus Tower. Telecom towers are now classified as movable property. This makes t...
SC upholds GST exemption for electricity regulators, dismisses govt's pleaIn a significant win for regulatory bodies, the Supreme Court has upheld the Delhi High Court's decision, exempting the fees collected by t...
What is expected from the GST Council meeting today?The GST council may delay the inclusion of petroleum products under GST and the much-awaited rate rationalization. Discussions may also foc...
Law committee recommends amendment to CGST law to quash retro tax noticeThe recommendation, if approved by the council may give relief to a large number of industries including online gaming industry, which was ...
Retro tax demand on online gaming companies may be quashedAs per the recommendation tax notices in cases where the lower tax was paid due to interpretation of law or lack of clarity can be quashed,...
Major GST relief for holding companies in corporate guarantees caseThe circular, issued in October by the Central Board of Indirect Taxes and Customs (CBIC), has been stayed via an interim order. The circul...
SC seeks response from taxman on ₹1L cr notices to e-gaming cosThe show-cause notices were issued after the government clarified that all online games involving betting and gambling, irrespective of ski...
SC refuses to grant stay on tax notices to egaming companiesThe notices raised a demand of GST on the ‘buy in’ amount for each game and proceeds on the hypothesis that the staking of money in online ...
SC refuses to grant stay on tax notices to E-gaming companiesThe show cause notices were issued after the government clarified that online gaming, betting, and gambling will be levied 28% GST on the f...
DGGI raises Rs 55,000-crore tax demand from Dream11, other online gaming companiesThis includes a notice of approximately Rs 25,000 crore to Dream11, making it possibly the largest indirect tax notice in India. More notic...
Money e-gaming companies face Rs 45,000 crore tax demandOnline money gaming companies in India may have to pay about ₹45,000 crore ($6 billion) in additional taxes as they may have paid only 18% ...
Delhi HC reprimands GST authorityComing to the rescue of a tax payer, the Delhi High Court on Tuesday reprimanded the officials of the Commissioner of Goods and Services Ta...
We'll defend legal position in gaming cases: CBIC ChiefVivek Johri says Centre, states on same page to ensure loopholes aren’t used to rig tax system
Google Bard comes to India; SoftBank Vision Fund logs $32 billion loss, sells 2% in PaytmGoogle kicked off Google I/O, its annual developer conference, on Wednesday and made a slew of announcements. Besides launching Pixel Fold,...
Karnataka HC quashes Rs 21,000 crore GST notice against Gameskraft, online gaming industry cheers verdictHailing the judgment, the All India Gaming Federation said the landmark decision reiterates six decades of jurisprudence, and will greatly ...
GST Council may decide on IGST levy on oxygen concentrators imported for personal use on May 28The Delhi High Court last week said that imposition of 12 per cent Integrated GST (IGST) on oxygen concentrators for personal use or those ...
Congress planning to demand reply from government on Arunachal issue in ParliamentTop Congress leaders today discussed the strategy with party president Sonia Gandhi at her residence, where they are also learnt to have di...