India Business News: The finance ministry has introduced an amnesty scheme for filing appeals against Goods and Services Tax (GST) demand orders. The scheme will be open u
In case of services delivered overseas from India or from outside the country, the Central Board of Indirect Taxes and Customs (CBIC) said the place of supply will be the location of the recipient, if the location is known. In case the recipient s location is not readily available in the regular course of business, the place of supply will be the service provider s location. The same principle will be applied to services provided by courier or mail.
The GST Council, in August 2023, amended the law to clarify that all online games involving bets, irrespective of skill or chance, will attract a GST rate of 28 percent on the full value of the bets placed, and not on the gross gaming revenue, from October 1.
India Business News: The Goods and Services Tax (GST) authorities in India have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion.
India News: India's online gaming industry has been issued show-cause notices amounting to Rs 1 lakh crore, despite concerns raised about applicable GST rates. Th