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Binance Reaffirms Commitment to Indian Laws Following Significant GST Notice
Binance, facing a GST payment of Rs. 772 crore in India, has promised to comply with local authorities. However, the company has yet to provide further details regarding its situation with the DGGI.
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Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India
Binance has been issued a notice for the payment of Rs. 772 crore in GST charges in India. In conversation with Gadgets360, an official said the notice issued to Binance should be seen by the exchange as an opportunity to present their front of the case and bring their business operations in alignment with India’s legal framework.
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Will End Agniveer Scheme, Amend GST Law If INDIA Bloc Wins: Rahul Gandhi
Congress leader Rahul Gandhi announced on Tuesday that the Agniveer scheme would be abolished if the INDIA bloc is voted to power, alleging that it was initiated by PM Narendra Modi and not by the Army.
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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
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Lok Sabha Passes GST Bill To Tax Online Gaming, Casinos, Race Clubs At 28%
Lok Sabha today approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.
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Bill To Levy 28% GST On Online Gaming, Casinos Introduced In Lok Sabha
Finance Minister Nirmala Sitharaman today introduced bills to amend the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.
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Tax officers Detect Evasion By Online Betting, Gambling Platforms: Report
Tax officers have detected violation of GST law by offshore entities offering online betting and gambling platforms to Indian residents through mobile apps and are working on ways to tackle such mode of tax evasion, a source said.
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GST (Tax) Law Panel Working With Experts To Define "Games Of Skill, Chance"
Centre and state GST officers are working with online gaming sector experts to define 'games of skill' and 'games of chance' with a view to design different taxation structures for them, sources said.
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GST Had Serious Birth Defects, Worsened Over Last 5 Years: P Chidambaram
The Congress on Friday demanded that the current Goods and Services Tax (GST) law should be scrapped and a new one with a single low slab be brought in its place, claiming the existing law has "serious birth defects".
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Cryptocurrency As Goods Or Services Under GST Law: Report
The government is working on classifying cryptocurrency as goods or services under the GST law so that that tax can be levied on the entire value of transactions.
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AAP Demands Discussion On Pegasus, Delhi's GST Share At All-Party Meet
The Aam Aadmi Party (AAP) on Monday raised the Pegasus spyware issue at an all-party meeting and demanded a discussion on it during the Budget Session of Parliament.
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Scrapping Retro Tax Law To Record GST Mop-Up: 2021- A Year Of Many Firsts
With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination.
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Crypto Gains May Be Taxed As Income Tax Laws Likely To Change In Next Budget
Revenue Secretary Tarun Bajaj said that some people are already paying capital gains tax on the income from crypto, and in respect of GST also the law is "very clear" that the rate would be applicable as those in case of other services.
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''Extend GST Compensation Beyond June 2022'': Kerala Finance Minister
Kerala will be receiving GST (Goods and Services Tax) compensation of over Rs 13,000 crore and another one-time grant of over Rs 19,000 crore in the current fiscal ending March 2022, he noted.
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Law Enforcement Body Recovers Rs 74.86 Crore From Tobacco Manufacturer For GST Evasion
Unmanufactured tobacco attracts the highest rate of the Goods and Services Tax, which is almost equivalent to the value of the goods and there is scope for large-scale evasion in the sector
-
Binance Reaffirms Commitment to Indian Laws Following Significant GST Notice
Binance, facing a GST payment of Rs. 772 crore in India, has promised to comply with local authorities. However, the company has yet to provide further details regarding its situation with the DGGI.
-
Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India
Binance has been issued a notice for the payment of Rs. 772 crore in GST charges in India. In conversation with Gadgets360, an official said the notice issued to Binance should be seen by the exchange as an opportunity to present their front of the case and bring their business operations in alignment with India’s legal framework.
-
Will End Agniveer Scheme, Amend GST Law If INDIA Bloc Wins: Rahul Gandhi
Congress leader Rahul Gandhi announced on Tuesday that the Agniveer scheme would be abolished if the INDIA bloc is voted to power, alleging that it was initiated by PM Narendra Modi and not by the Army.
-
Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
-
Lok Sabha Passes GST Bill To Tax Online Gaming, Casinos, Race Clubs At 28%
Lok Sabha today approved amendments to the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.
-
Bill To Levy 28% GST On Online Gaming, Casinos Introduced In Lok Sabha
Finance Minister Nirmala Sitharaman today introduced bills to amend the Central and Integrated GST laws to levy 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs.
-
Tax officers Detect Evasion By Online Betting, Gambling Platforms: Report
Tax officers have detected violation of GST law by offshore entities offering online betting and gambling platforms to Indian residents through mobile apps and are working on ways to tackle such mode of tax evasion, a source said.
-
GST (Tax) Law Panel Working With Experts To Define "Games Of Skill, Chance"
Centre and state GST officers are working with online gaming sector experts to define 'games of skill' and 'games of chance' with a view to design different taxation structures for them, sources said.
-
GST Had Serious Birth Defects, Worsened Over Last 5 Years: P Chidambaram
The Congress on Friday demanded that the current Goods and Services Tax (GST) law should be scrapped and a new one with a single low slab be brought in its place, claiming the existing law has "serious birth defects".
-
Cryptocurrency As Goods Or Services Under GST Law: Report
The government is working on classifying cryptocurrency as goods or services under the GST law so that that tax can be levied on the entire value of transactions.
-
AAP Demands Discussion On Pegasus, Delhi's GST Share At All-Party Meet
The Aam Aadmi Party (AAP) on Monday raised the Pegasus spyware issue at an all-party meeting and demanded a discussion on it during the Budget Session of Parliament.
-
Scrapping Retro Tax Law To Record GST Mop-Up: 2021- A Year Of Many Firsts
With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination.
-
Crypto Gains May Be Taxed As Income Tax Laws Likely To Change In Next Budget
Revenue Secretary Tarun Bajaj said that some people are already paying capital gains tax on the income from crypto, and in respect of GST also the law is "very clear" that the rate would be applicable as those in case of other services.
-
''Extend GST Compensation Beyond June 2022'': Kerala Finance Minister
Kerala will be receiving GST (Goods and Services Tax) compensation of over Rs 13,000 crore and another one-time grant of over Rs 19,000 crore in the current fiscal ending March 2022, he noted.
-
Law Enforcement Body Recovers Rs 74.86 Crore From Tobacco Manufacturer For GST Evasion
Unmanufactured tobacco attracts the highest rate of the Goods and Services Tax, which is almost equivalent to the value of the goods and there is scope for large-scale evasion in the sector
