- 12 Jul 2023 06:56 PM
- New
‘Game Over’: How 28% GST Could Kill The Gaming Industry | Explained
Business News/ Videos / ‘Game Over’: How 28% GST Could Kill The Gaming Industry | Explained
Read More
- 12 Jul 2023 06:53 PM
- New
Delta Corp share price tanks over 27% in one day: Should investors buy, sell or hold?
Delta Corp share price cracked nearly 28% on Wednesday, recording its biggest single-day fall ever, after the GST Council levied a 28% uniform GST on online gaming, casinos and horse racing.
Read More
- 12 Jul 2023 06:50 PM
- New
'India is super fun': Ashneer Grover slams policymakers over 28% GST on online games
Ashneer Grover, co-founder of CrickPe, criticizes the Indian government's decision to impose 28% GST on online gaming companies, calling it detrimental to the industry.
Read More
- 12 Jul 2023 06:47 PM
Innova Crysta, Alcazar, Hector Plus, Scorpio-N among vehicles set to attract 22%
The GST Council has clarified that ground clearance refers to unladen conditions. MUVs with engine capacities less than 1500cc will continue to attract a 20% cess. The implications of the 'unladen' ground clearance specification need further clarity.
Read More
- 12 Jul 2023 06:41 PM
IT drags Sensex below 65,400, Nifty ends 55 pts lower; Infosys, Adani Ent shed
Share Market Today: Sensex and the Nifty ended in the red after a sharp fall towards the end with IT stocks dragging the market, while PSU Bank sector remained steady.
Read More
- 12 Jul 2023 06:33 PM
GST shock: Online gaming, casinos to be taxed at 28%
NEW DELHI : The Goods and Services Tax (GST) Council on Tuesday exempted integrated GST on select drugs when imported for personal use, redefined sport utility vehicles (SUVs) to prevent carmakers from side-stepping the highest tax bracket and levied a 28% uniform GST on online gaming, horse racing, and casinos on the full value of the bets.
Read More
- 12 Jul 2023 06:44 PM
GST on Online Gaming: Delta Corp share price tanks 20%, Nazara Tech share price drops 5% on 28% tax levy
28% GST on online gaming, casinos: Shares of online gaming stocks such as Nazara Technologies and Delta Corp suffered massive losses in early trade on Wednesday (July 12) after the GST Council shocked the industry by levying a 28 per cent uniform GST on online gaming, casinos and horse racing.
Read More
- 12 Jul 2023 06:36 PM
Stiff tax on gross revenue spooks online gaming cos
NEW DELHI : The Goods and Services Tax (GST) Council on Tuesday decided to tax online gaming companies at 28% of their gross revenue, or full face-value of transactions and entry fees paid by gamers, disappointing an industry that has lobbied for months to be taxed on its profit rather than revenue.
Read More
- 11 Jul 2023 06:47 PM
Improving revenue collection to figure in GST meet today
NEW DELHI : A string of changes to rules and procedures seeking to improve the efficiency of the goods and services tax system and to step up tax collections will be in focus at Tuesday’s GST Council meeting, according to a person informed about discussions between Central and state governments.
Read More
- 11 Jul 2023 06:57 PM
IBA seeks lower tax on fruit fizz drinks, sin goods delisting
New Delhi: Industry body Indian Beverage Association (IBA), which represents interests of the domestic beverage industry, has written to the government, seeking lower taxes on fruit-based fizzy drinks, as well as requesting the removal of such products from the “sin" goods category.
Read More