- 02 Oct 2023 05:51 PM
- New
‘Online gaming GST order hits one nation, one tax spirit’
NEW DELHI : Online real-money gaming firms, and lawyers representing multiple companies in this sector, labelled the Centre’s way of implementation of the new goods and services tax (GST) rate on online gaming companies unprecedented. The stakeholders of the sector, which has remained under fire for numerous taxation issues through the year, claimed that the Centre’s notification of the new online gaming GST regime—done before all states have fully adopted it—could be used as a precedent for breaking the “one nation, one tax" format of GST going forward, and is also in contravention of the law.
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- 02 Oct 2023 05:48 PM
- New
GST collection hits ₹1.62 trillion in September
Central and state governments collected ₹1.62 trillion in goods and services tax (GST) in September, marking the fourth highest monthly collection since the inception of the indirect tax regime and a 10% annual growth from the year-ago period.
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- 02 Oct 2023 05:43 PM
- New
New tax regime for online money games kicks in
New Delhi: The new 28% Goods and Services Tax (GST) on online money games, casinos and horse racing kicked in on Sunday, with the central government issuing orders on the norms to be followed for the portion of taxes to be collected by the centre and the Union Territories.
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- 02 Oct 2023 05:40 PM
Amended GST law provisions on e-gaming, casinos, horse racing to be effective from today. Know details
Finance Ministry notifies October 1 as the date for implementation of amended GST law to tax e-gaming, casinos, and horse racing.
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- 29 Sep 2023 06:35 PM
Hard luck for angels
Source: https://www.livemint.com/opinion/quick-edit/hard-luck-for-angels-11695751729303.html
Closing tax loopholes is challenging but necessary. Levying goods and services tax on betting platforms and revising India's 'angel tax' help prevent tax evasion.
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- 29 Sep 2023 06:33 PM
Revenue loss still a road block to fuel GST
NEW DELHI : Petroleum products are unlikely to be brought under the Goods and Services Tax (GST) anytime soon, as doing so can cause states’ fiscal deficit to balloon, while also widening revenue losses for the Centre, two senior government officials told Mint.
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- 29 Sep 2023 06:30 PM
GST Council meet on Oct 7, review likely on implementation of SGST law amendments by states
A meeting of the GST Council is scheduled to be held on October 7. The Council is likely to review the progress with regard to implementation of amendments in the SGST law by different states.
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- 29 Sep 2023 06:27 PM
GST Council to meet on 7 October to iron out setting up of tribunals
According to an individual familiar with government discussions, the meeting is anticipated to be brief and is convened to examine specific technical details related to the establishment of the tribunals
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- 29 Sep 2023 06:23 PM
GST officials seize assets worth ₹19 crore from BJP leader Pankaja Munde’s sugar factory in Beed
The Goods and Services Tax Commissionerate Monday seized assets worth ₹19 crore from Vaidyanath Co-operative sugar factory owned by BJP national secretary Pankaja Munde in Beed district of Maharashtra for not GST evasion on the sale of sugar.
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- 29 Sep 2023 06:41 PM
Let us not resurrect the ghost of retro taxation
The Centre’s argument of its GST law tweak this year being clarificatory in nature may not suffice to defend what looks like retrospective taxation. We must not revive that inequity
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