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GST Council To Meet On June 2, May Review Online Gaming Taxation
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet after a gap of eight months on June 22, and is likely to review the implementation of 28 per cent GST on the online gaming sector.
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Finance Minister Explains How GST Benefitted People Through Pro-Poor Approach
Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.
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28% GST On Online Gaming Set To Be Implemented From October 1
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from October 1.
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BGMI Maker Krafton India Urge for Support Measures to Promote Online Gaming
Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country. Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to pro...
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Online Gaming Tax: 28 Percent GST to Be Levied From October 1, Review After 6 Months
The decision to impose a 28 percent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, finance minister Nirmala Sitharaman said on Wednesday.
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Amendment To GST Act On Online Gaming In Parliament Monsoon Session
Revenue Secretary Sanjay Malhotra today said the central government will bring clarificatory amendments to the GST Act in the monsoon session of Parliament to implement GST Council's decision of imposing 28 per cent tax on online gaming, casino and horse racing.
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6 Years Of GST: Rs 1.5 Lakh Crore Monthly Revenue, Focus Now To Curb Tax Evasion
Six years after Goods and Services Tax revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.
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GST Collections Up 12% To Rs 1.49 Lakh Crore In February
February 2023 witnessed the highest cess collection of Rs 11,931 crore since implementation of GST.
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Ex Finance Secretary Hasmukh Adhia Appointed Chief Advisor To Gujarat Chief Minister
Former Union finance secretary Hasmukh Adhia, who is credited with the successful implementation of the Goods and Services Tax (GST), has been appointed as the chief advisor to Gujarat Chief Minister Bhupendra Patel, an official said on Tuesday.
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GST On Packaged Food, Essential Items After States Sought Levy: Official
GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official said.
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Electric Vehicles: More Than 13 Lakh EVs in Use in India, Government Says
Over 13 lakh electric vehicles are in use in India, Union Minister Nitin Gadkari revealed on Tuesday. There 13.34 lakh EVs in operation in the country, according to the minister. The details were revealed in a written reply to a question in the Rajya Sabha. Gadkari also revealed steps taken to promote the use of EVs in India under the Faster Adopti...
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"Don't Want RBI To Become Extension Of Government": Ex CEA Arvind Subramanian
Mr Subramanian, while reacting to RBIs outlook on inflation, expressed disappointment that though prices have been rising for almost three years, it was late in taking measures to check them, which showed "a certain loss of institutional independence"
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India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor
Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said
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India GST Council Plans to Levy 28 Percent GST on Crypto Transactions: Report
Indian tax authorities are exploring the implementation of a 28 percent goods and services tax (GST) on all cryptocurrency transactions, adding to a 30 percent tax on profits from crypto-asset trading that kicked in on April 1.
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GST Collections Touch Rs 1.30 Lakh Crore In October
Goods and Service Tax (GST) collections rose to Rs 1.30 lakh crore in October, the second highest since its implementation in July 2017
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GST Council To Meet On June 2, May Review Online Gaming Taxation
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet after a gap of eight months on June 22, and is likely to review the implementation of 28 per cent GST on the online gaming sector.
-
Finance Minister Explains How GST Benefitted People Through Pro-Poor Approach
Finance Minister Nirmala Sitharaman on Monday said the government has adopted "a pro-poor approach" while implementing Goods and Services Tax, and despite lower taxes rates the revenues as a percentage of GDP have reached the pre-GST level.
-
28% GST On Online Gaming Set To Be Implemented From October 1
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from October 1.
-
BGMI Maker Krafton India Urge for Support Measures to Promote Online Gaming
Krafton India, makers of the popular online game BGMI, on Thursday pitched for government support measures to promote the online gaming industry in the country. Krafton India CEO Sean Hyunil Sohn highlighted subsidies given to gaming companies for labour costs by countries like the UAE and Canada and stated that innovative ways can be found to pro...
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Online Gaming Tax: 28 Percent GST to Be Levied From October 1, Review After 6 Months
The decision to impose a 28 percent tax on the full face value of bets placed on online games will be implemented from October 1 even though there was demand for a review from states like Delhi and Goa, finance minister Nirmala Sitharaman said on Wednesday.
-
Amendment To GST Act On Online Gaming In Parliament Monsoon Session
Revenue Secretary Sanjay Malhotra today said the central government will bring clarificatory amendments to the GST Act in the monsoon session of Parliament to implement GST Council's decision of imposing 28 per cent tax on online gaming, casino and horse racing.
-
6 Years Of GST: Rs 1.5 Lakh Crore Monthly Revenue, Focus Now To Curb Tax Evasion
Six years after Goods and Services Tax revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.
-
GST Collections Up 12% To Rs 1.49 Lakh Crore In February
February 2023 witnessed the highest cess collection of Rs 11,931 crore since implementation of GST.
-
Ex Finance Secretary Hasmukh Adhia Appointed Chief Advisor To Gujarat Chief Minister
Former Union finance secretary Hasmukh Adhia, who is credited with the successful implementation of the Goods and Services Tax (GST), has been appointed as the chief advisor to Gujarat Chief Minister Bhupendra Patel, an official said on Tuesday.
-
GST On Packaged Food, Essential Items After States Sought Levy: Official
GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official said.
-
Electric Vehicles: More Than 13 Lakh EVs in Use in India, Government Says
Over 13 lakh electric vehicles are in use in India, Union Minister Nitin Gadkari revealed on Tuesday. There 13.34 lakh EVs in operation in the country, according to the minister. The details were revealed in a written reply to a question in the Rajya Sabha. Gadkari also revealed steps taken to promote the use of EVs in India under the Faster Adopti...
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"Don't Want RBI To Become Extension Of Government": Ex CEA Arvind Subramanian
Mr Subramanian, while reacting to RBIs outlook on inflation, expressed disappointment that though prices have been rising for almost three years, it was late in taking measures to check them, which showed "a certain loss of institutional independence"
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India Could Be A $20 Trillion Dollar Economy By 2040: Chief Economic Advisor
Indian economy could cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said
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India GST Council Plans to Levy 28 Percent GST on Crypto Transactions: Report
Indian tax authorities are exploring the implementation of a 28 percent goods and services tax (GST) on all cryptocurrency transactions, adding to a 30 percent tax on profits from crypto-asset trading that kicked in on April 1.
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GST Collections Touch Rs 1.30 Lakh Crore In October
Goods and Service Tax (GST) collections rose to Rs 1.30 lakh crore in October, the second highest since its implementation in July 2017
