The amendments also make registration mandatory for offshore e-gaming companies operating in India. It also provides for blocking of access in case offshore platforms fail to comply with GST registration and tax payment norms.
The article discusses the newly introduced Rule 88D of CGST Rules which deals with mismatches between Input Tax Credit auto-populated in GSTR-2B and that reported in GSTR-3B by the taxpayer.
New GST rules 28 percent tax online gaming; how online gaming is taxed in US UK other countries; gaming companies paying applicable 18 percent GST platform fee; new rules bets placed online gaming horse racing casinos levy 28 percent GST full value; 50th GST Council Meeting decision increasing addiction online gaming gambling among children; India 950 gaming companies 500 online skill gaming startups minimum 15,000 game developers potential skilled workforce 1.6 lakh 2022 report law firm Lakshmikumaran & Sridharan Attorneys; latest news on news18.com
The 50th Goods and Services Tax (GST) Council will be held today in New Delhi. Union Finance Minister Nirmala Sitharaman will chair the meeting of the Group of Ministers (GoM). Discussions are likely to take place regarding taxation on online gaming, casino, and horse racing.