12 Aug 2023 05:02 PM
New

Parliament clears 28% GST on online gaming, casinos, horse racing clubs

Source: https://www.livemint.com/economy/parliament-clears-28-gst-on-online-gaming-casinos-horse-racing-clubs-11691755175539.html

New Delhi: Parliament on Friday approved legislative changes required to implement the Goods and Services Tax (GST) Council's decision to ensure that 28% tax is paid on the full value of deposits made by players to online gaming platforms, horse racing clubs and to casinos from 1 October.

12 Aug 2023 05:13 PM
New

Parliament clears 28% GST on online gaming, casinos

Source: https://www.livemint.com/news/india/parliament-clears-28-gst-on-online-gaming-casinos-11691774504014.html

New Delhi: The Parliament has approved the necessary legislative modifications for implementing the Goods and Services Tax (GST) Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs.

12 Aug 2023 05:18 PM
New

Mint Explainer: What do GST law amendments say?

Source: https://www.livemint.com/economy/mint-explainer-what-do-gst-law-amendments-say-11691823243057.html

Summary
The Parliament has cleared amendments to GST laws to implement a 28% tax on online gaming, casinos

11 Aug 2023 05:45 PM

No Plans to Lower Disability Percentage for GST Concessions

Source: https://taxguru.in/goods-and-service-tax/plans-lower-disability-percentage-gst-concessions.html

Introduction: This article presents the Indian Government’s response to a query regarding the issuance of GST concession certificates to disabled individuals. It provides information about the number of beneficiaries across states, considerations for reducing the percentage of disability for availing concessions, and the government’s stance on the matter.

11 Aug 2023 05:34 PM

Main user allowed to grant access to IRNs generated by them to sub-user: NIC

Source: https://taxguru.in/goods-and-service-tax/main-user-allowed-grant-access-irns-generated-sub-user-nic.html

The National Informatics Centre has introduced a significant update in user management. Sub-users now have the capability to access e-Invoices generated by the main user. They can perform essential actions like viewing, canceling, and generating e-Waybills (EWB) for these invoices. The main user retains control over these permissions through the “Update Sub-user” option.

11 Aug 2023 05:39 PM

GSTN and PMLA: Framework, Discussions and Impact

Source: https://taxguru.in/goods-and-service-tax/gstn-pmla-framework-discussions-impact.html

GSTN, established with the purpose of offering shared IT infrastructure and services, serves as a platform for the implementation of the Goods & Services Tax (GST). PMLA, on the other hand, has the objective of preventing money laundering and confiscating property linked to such activities.

11 Aug 2023 05:42 PM

GST Rate on Millets and Health Mix Products: Government’s Response

Source: https://taxguru.in/goods-and-service-tax/gst-rate-millets-health-mix-products-indian-government.html

Introduction: This article presents the Indian Government’s response to a query about the consideration of reducing the Goods and Services Tax (GST) rate on millet-based health mix products and ready-to-eat millet products. It explains the government’s stance and the steps taken by the GST Council in this regard.

11 Aug 2023 05:51 PM

Impact of 28% GST on Online Gaming: Government’s Decision Explained

Source: https://taxguru.in/goods-and-service-tax/impact-28-percent-gst-online-gaming-explanation.html

Introduction: This article provides insights into the Indian Government’s decision to levy a 28% Goods and Services Tax (GST) on online gaming websites. It explains the motives behind the decision, its potential impact on the online gaming industry, the expected tax revenue, and whether any states opposed this decision in the GST Council.

11 Aug 2023 05:55 PM

Expansion of GST Appellate Tribunals and Status of Pending GST Disputes

Source: https://taxguru.in/goods-and-service-tax/expansion-gst-appellate-tribunals-status-pending-gst-disputes.html

Introduction: This article delves into the recent developments regarding the establishment of GST Appellate Tribunals across India and the status of pending GST disputes. It sheds light on the State Governments’ proposals for setting up these tribunals, the Government’s response, and the locations where these tribunals are expected to be established. Additionally, the article provides details about the number of pending GST appeals and their resolution in the past three years and the current year.

11 Aug 2023 06:05 PM

Impact of Imposing 28% GST on Online Gaming Industry

Source: https://taxguru.in/goods-and-service-tax/impact-imposing-28-gst-online-gaming-industry.html

Introduction: This article explores the implications of the Indian Government’s decision to impose a 28% Goods and Services Tax (GST) on the online gaming industry. It provides insights into the estimated size of the industry, the projected revenue collection, and the rationale behind this tax rate. The impact of the 28% GST on the growth and revenue generation of the online gaming sector is also discussed.