Online gaming companies hope for breather from new govt
In recent months, 71 companies received show-cause notices demanding taxes totaling Rs 1.12 lakh crore, with some demands surpassing their annual turnover
Source: moneycontrol.com
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Supreme Court issues notice to Centre on 28% GST for online gaming companies
Gaming companies have filed a petition before the court on what they say are retrospective tax demands, adding up to ₹1.5 lakh crore
Source: livemint.com
SC to hear landmark online gaming tax case within two months
Gaming companies have filed a petition before the court on what they say are retrospective tax demands, adding up to ₹1.5 lakh crore
Source: livemint.com
Online gaming companies case: SC agrees to hear challenges to retrospective imposition of 28% GST
The GST department has also undertaken to file a transfer petition seeking transfer of all cases pertaining to the same issue of law from various high courts to the Supreme Court
Source: moneycontrol.com
Retrospective tax notices: Online gaming firms should approach govt, GST Council over 28% tax, say experts
The companies could push for the GST Council to implement these tax changes prospectively rather than retroactively, thereby mitigating immediate financial hardships, legal experts say.
Source: moneycontrol.com