GST on gaming: GST on online gaming triggers CV deluge
The increasing number of job seekers reflects their concerns about the GSTs potential effects on their future, say experts.
Source: indiatimes.com
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Death knell, fight for survival: Retrospective tax haunts India's real-money gaming sector
The forthcoming 28 percent GST tax regime, combined with potential retrospective taxation dues, will make the overall operations unfeasible, likely leading many companies to wind down their businesses, executives say.
Source: moneycontrol.com
GST Council to take up recast of Group of Ministers (GoM) on rate rationalisation
The Goods and Services Tax (GST) Council will meet on October 7 to discuss the reconstitution of the group of ministers on rate rationalization and review the progress made by states in incorporating changes related to the taxation of online gaming in their GST laws. Last month, amendments were made to the Central GST and Integrated GST laws to clarify the 28% levy on bets in online gaming, casinos, and horse race clubs. Offshore e-gaming companies operating in India are now required to register and comply with GST norms.
Source: indiatimes.com