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GoM Report on Online Gaming needs to be revisited due to developments in last 6 months Report by LKS

GoM Report on Online Gaming needs to be revisited due to developments in last 6 months Report by LKS
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New delhiSouth koreaLakshmikumaran sridharanL badri narayananGroup of ministers goInformation technologyHonble unionHonble karnataka high courtSupreme courtSridharan attorneysHon ble union finance ministerIncome tax actFinance actHon ble karnataka high courtGom reportOnline gaming

New TDS provisions for Online Gaming could pose compliance challenges for industry

New TDS provisions for Online Gaming could pose compliance challenges for industry

L badri narayananUnion budgetOnline gaming industryFinance ministerExecutive partnerCompound annual growth rate

New TDS provisions for Online Gaming likely to pose compliance challenges for users & industry: Report

A report by Lakshmikumaran & Sridharan provides a detailed overview of the new taxation regime announced during Financial Bill 2023

Lakshmikumaran sridharanL badri narayananSupreme courtUnion budgetOnline gaming industryFinance ministerExecutive partnerCompound annual growth rateOnline gaming

Report says most countries with strong gaming sector levy taxes on gross revenue

Countries, like the United Kingdom and France, that are following the turnover tax model currently, are proposing to shift to the GGR tax model.

United kingdomLakshmikumaran sridharanL badri narayananGroup of ministers goGross gaming revenueSridharan executive partnerl badri narayanan

GST Council - Gamers, gamblers in a tax soup

Analysts see the move as an attempt to ratchet up collections with the compensation cess due to end after June this year

Nirmala sitharamanBadri narayananSaurabh agarwalL badri narayananFederation of indian fantasy sportsSupreme courtIndian fantasy sportsGross gaming revenueSridharan attorneysTax partner

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