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Gaming companies face Rs 2.5 lakh crore hit as SC upholds GST
NEW DELHI: In a big setback to online gaming firms facing show-cause notices for GST evasion of around Rs 2.5 lakh crore (with penalty), Supreme Court Wednesday upheld levy of 28% tax on the full face value of online gaming bets and validated rules under CGST for determining valuation of taxable supplies for lotteries, betting, gambling, horse racing and casinos.
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economictimes.indiatimes.com
SC upholds govt retrospective 28% GST levy on online gaming companies
The Supreme Court has backed the government's retrospective 28% GST on online gaming. The court ruled that online gaming platforms are not intermediaries and their activities are…
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thehindubusinessline.com
Supreme Court backs retrospective 28% GST levy on online gaming firms
The Supreme Court upheld the retrospective 28% GST levy on online gaming firms and ruled that gaming with stakes amounts to betting and gambling.
