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I know what you did last summer: Taxman keeping an eye on betting cos abroad

I know what you did last summer: Taxman keeping an eye on betting cos abroad SECTIONS Share Synopsis Banks asked to furnish details on eleven companies, transactions since Jul 2017. The websites also accepted bets in crypto-currencies, making it even more difficult to track the complex money trail. AFP Investigations by the tax authorities revealed that many resident Indians regularly visited online gambling websites that witnessed a traffic surge through the lockdown, especially in its initial phases when New Delhi enforced strict curbs to prevent the virus from spreading. The investigating arm of the indirect tax department is probing some of the world’s largest online gaming and betting companies, registered in territories as diverse as Australia, Curaçao, Cyprus, Malta, the Philippines and Russia, for not paying Goods and Services Tax (GST) in India.

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