GST – storyboard18

SC to hear ₹2.5 lakh crore online gaming tax case on May 5

The Supreme Court will finally begin hearing the much-anticipated case on May 5 involving show-cause notices issued to some of India’s biggest online gaming companies.

Apex court’s verdict will not only decide the fate of India’s online gaming industry but also set a critical precedent for how digital innovation is taxed and regulated in the country.

Breaking: SC 28% GST gaming case, Govt seeks adjournment

The Supreme Court will finally begin hearing the much-anticipated case on May 5 involving show-cause notices issued to some of India’s biggest online gaming companies.

The case, with an estimated financial impact of ₹2.5 lakh crore, is one of the biggest tax battles in India’s history.

SC showdown: Top lawyers to face-off for 28% GST gaming case on March 18

Sources also claim that the matter will be pushed to April considering other important tax related matters being in focus of the government.

The case, with an estimated financial impact of ₹2.5 lakh crore, is one of the biggest tax battles in India’s history.

Finance Ministry to meet RMG operators on Friday, will discuss money laundering in online gaming

Finance Minister Nirmala Sitharaman announced in September 2024 that revenue from online gaming increased by 412%, reaching Rs 6,909 crore within six months.

Stakeholders will also discuss challenges faced by the industry such as GST and penetration of offshore gambling companies in India.

ZEEL gets GST notice of Rs 16.60 million for ineligible ITC claims

This strategic move aims to bolster Zee Media's financial flexibility and is aligned with the External Commercial Borrowing (ECB) guidelines issued by the Reserve Bank of India.

ZEEL believes the case has merit and will appeal within three months under the TNGST Act. The company assured investors that the order will not materially impact its financials or operations.

RMG players’ woes increase, while Rs 8.2 trillion illegal betting market grows

Haryana cracks down on gambling

Beyond taxation challenges, RMG companies are urging the government to refine online gaming regulations to clearly differentiate between skill-based gaming and betting or gambling.

Indian retailers urge GST council to reject GST rate rationalization recommendation

Indian Sellers Collective has identified five immediate fall-outs which will hurt the business environment.

The sellers body believes that a new fifth GST slab of 35% and pricing-based rate structure will materially and fundamentally alter the country’s GST framework with devastating outcomes.

IMS rollout could curtail festive sales opportunity for retailers: Empower India

Indian retailer (Image: Unsplash)

The primary objective of the IMS is to streamline the input tax credit (ITC) claim process. However, according to Empower India, the lack of preparation will not only increase the compliance burden but also impede the efficient deployment of the capital

Indian beverage industry urges GST rate cut to boost sector growth

For carbonated drinks, which are taxed at 28% with an additional 12% cess, the industry has requested a reclassification.

Industry leaders call for rationalisation of GST on bottled water, fruit juices, and carbonated drinks, citing high taxes as a hurdle to growth and consumer affordability.

DGGI will shake hands with foreign govts to crack whip on offshore gambling firms

Vaishnaw emphasized that the central government takes prompt action whenever violations come to its notice, ensuring all measures align with the Constitutional framework

This move will curb tax evasion in the online ‘gaming’ sector in India and will also help block websites of such notorious illegal offshore entities.