Delhi Finance Minister Atishi today said tax evasion notices worth Rs 1.5-lakh crore to online gaming companies will finish them and vowed to seek their withdrawal at the GST Council meeting during the day.
She said the sector employed over 50,000 youths and attracted Rs 17,000 crore foreign investments, therefore it is important to withdraw the notices to protect the industry.
An "unstable, erratic tax environment" will deter foreign investors in the online gaming industry and impact the overall start-up ecosystem in the country, she said.
GST Council decisions in the past including the 28 percent tax on online gaming industry adversely impacted the industry, she said.
The GST Council, chaired by Union Finance Minister and comprising state ministers, will meet in Delhi on Saturday.
In the previous meeting on August 2, the council had approved amendments to the Goods and Services Tax (GST) laws to provide clarity on the taxation of casinos, horse racing and online gaming.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
NIRF Rankings 2024: IIT Madras Ranks Number 1 For The Sixth Year
Day After Poll Body Notice, AAP's Atishi Seeks Answers From Probe Agency "Gangs Run From Jail, Not Government": BJP Shreds AAP's Atishi For Her Remark Arvind Kejriwal Wants To Join Enforcement Directorate Probe, But...: Atishi Trump, Musk Groove To Bee Gees' 'Stayin' Alive' In AI-Video Now Viral 150 mg Semen In Kolkata Doctor's Body, Suspect Gang-Rape: Parents To Court "Want To Ask Congress...": Mamata Banerjee Snaps At Ally In Rape-Murder Case US Judge Says "Monopolist" Google Can't Avoid App Store Reforms NASA To Decide Stranded Starliner Astronauts' Route Home By End Of Month Mob Vandalises Hospital During Protest Over Kolkata Horror Track Latest News Live on NDTV.com and get news updates from India and around the world.