Delta Corp shares drop 9%; hit 52-week low on another tax notice worth ₹6,384 cr
Just last month, Delta Corp had received GST notices worth ₹16,822 crore for the payment of shortfall tax
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ICICI Lombard gets ₹1,729 cr tax demand from GST Intelligence; stock dips 1.7%
Tax demand pertains to "non-payment of GST” on co-insurance premium and re-insurance commission
GST Council likely to define online gaming, virtual digital assets tomorrow
Clarifications and clear definitions of various aspects of monetary bets, deposits, use of digital virtual assets in the gaming ecosystem are likely to be taken up by the GST Council.
GST Council meet on Aug 2 to discuss 28% tax on online gaming
In its meeting on July 11, GST Council recommended online gaming to be taxed at 28% on full face value, along with horse racing and casinos
28% GST on online gaming: Top Indian, foreign investors urge PM Modi to roll back decision
Investors rue the latest decision to impose proposed GST on 'full value of bets' will increase tax burden by 1,100%, and 50-70% of every rupee will go towards GST, making biz model “unviable”
Online gaming industry fears lakhs of job cuts after GST hike
The only winners will prove to be "illegal" offshore gambling and betting platforms, says Roland Landers, CEO of the All India Gaming Federation.
No new tax or hike in GST Council meeting today: FM
The agenda on the GoM report on casinos, race courses and online gaming, and setting up of GST Tribunals could not be taken in today’s meeting.
July GST collection rises 28% to ₹1.49 lakh cr
FinMin says it’s a clear impact of measures taken by GST Council to ensure better compliance, better reporting, and economic recovery having positive impact on GST
Chhattisgarh minister T.S. Singh Deo writes to FM seeking extension of GST compensation
Deo pointed out in the letter that states need to be compensated beyond 2022 as they are still suffering great losses.
GST Council meet begins, exemptions, duty inversion on agenda
A group of ministers under the GST Council has recommended 28% GST on online gaming, casinos and horse racing on the lines of betting.
