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Inside Oyo’s FY26 profit; Gaming founders seek GST reprieveOyo parent Prism, which filed its updated IPO papers, reported a strong profit in the April-December period, courtesy of an unlikely source...
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
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 ...
Karnataka GST authorities unearth tax evasion in govt contractsThe enforcement wing of Karnataka's Commercial Tax Department has uncovered a case of tax evasion in government contracts, with suspected t...
GST not payable on govt incentive to banks for promoting RuPay card, low value BHIM-UPI transactionsUnder the Incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions, the government pays banks an incenti...
GST applicable on voluntary payments made by members to housing societies, says AARAAR said that the money received by the society was for the supply of services. GST has a concept called "supply of services," which is use...
Confusion over when to levy GST on gift vouchers and gift cards finally gets clearedLevying Goods and Services Tax (GST) on gift vouchers and gift cards has been a complicated matter that may just have been eased out follow...
About 45K entities to come under mandatory 1% cash payment of GST liability ambitThe government's decision on mandatory payment of at least 1% of GST tax liability in cash will impact only around 40,000 to 45,000 taxpaye...
GST can be levied on lotteries, says Supreme Court; upholds government noticeThe bench was dealing with a petition filed by Skill Lotto Solutions Pvt Ltd, an authorised agent for sale and distribution of lotteries or...
Interest on PPF, savings bank deposit to be included for calculating GST registration threshold: AARUnder the Goods and Services Tax law, businesses and individuals are required to obtain GST registration if their aggregate turnover is Rs ...
You may be paying higher tax on annual maintenance billsConflicting rulings on annual maintenance contracts have caused considerable confusion in the industry.
No GST on food served by hospitals to in-patientsHowever, patients not admitted will have to pay tax on the total value of food served by the hospital.
GST Return Filing: How to handle discounts and additional costIn order to eliminate ambiguities and avoid litigation due to inaccurate or flawed valuation of goods and services, it is very important to...
10 days left to file your first GST return. This is how you do itThe deadline to file GSTR-3B for the month of July is August 20 and it is important for every business to get this done in the next 10 days.
Understanding valuation under GST: When consideration is not in moneyOvervaluation will result in loss of revenue for businesses by way of additional taxes.
Here's how you can draft a GST compliant invoiceFrom July 1, the invoices you raise will change. Here is how you can make an invoice that is in sync with the requirements of GST.
Amenities to employees outside CTC may trigger GST liabilityGST would be payable by the company if there is a supply to an employee of free goods and services over and above the CTC, which is a stipu...
Stock transfers in GST and how this impacts SMEsGST introduces the concept of seamless flow of input tax credit across the supply chain (from manufacture till it reaches the consumer) and...
'Buy one get one free' deals to soon lose charm, GST may apply to free articlesThis means that the buyer will have to pay GST on the article that comes free, said tax experts, confirming that the provision will impact ...