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Tech News
Binance Reaffirms Commitment to Indian Laws Following Significant GST Notice
Binance is currently staring at a GST payment of Rs. 772 crore in India. In an official statement shared with…
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Tech News
Binance Served Notice for Rs. 772 Crore in GST Charges by DGGI in India
Binance, touted as the largest crypto exchange in the world, has been issued a notice in India, demanding a Goods…
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Tech News
Betting-Based Online Gaming Firms Said to Face Rs. 1 Lakh Crore GST Notices
India’s online gaming industry has received show-cause notices amounting to Rs. 1 lakh crore say sources. The notices come even…
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Tech News
Hike Lays Off Over One-Fifth of Workforce Due to GST Raise on Online Gaming
Kavin Bharti Mittal-founded Hike, which owns Rush Gaming Universe, has laid off about 55 people — more than one-fifth of…
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Tech News
Online Gaming Companies Say 28 Percent GST Will Limit Their Business, Lead to Lakhs of Job Losses
Online gaming companies on Tuesday said that levying of 28 percent GST will limit their ability to invest in new…
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Tech News
Online Games Could Soon Levy Higher GST; Government Planning to Classify Them as Games of Skills, Chance
The Finance Ministry is considering classifying online gaming into categories of skill and chance, and levying a differential rate of…
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Tech News
ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore
Tax officers are investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022,…
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Tech News
Government Tax Panel Said to Be Unlikely to Reach Consensus on Taxing Online Gaming in December
A panel of state finance ministers has yet to submit its report on taxation of the booming online gaming sector…
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Tech News
COAI Seeks Reduction in Licence Fee to 1 Percent, Waiver in Customs Duty for 5G Network Equipment
Mobile operators’ association COAI has urged the government for a cut in licence fee to 1 per cent, and sought…
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Tech News
India Seeks Info on Coins Listed for Trade on Exchanges as Tax Body Mulls Levying GST
India’s Central Board of Indirect Taxes and Customs (CBIC) has reached out to a bunch of crypto exchanges operating in…
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Tech News
Government Mulling Special GST Slab for Cryptocurrencies, Working on Indirect Tax Regime For Crypto Assets: Report
The Goods and Services Tax (GST) council is reportedly waiting to decide whether crypto assets are declared as goods or…
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Tech News
India GST Council Plans to Levy 28 Percent GST on Crypto Transactions: Report
In what appears to be another mood spoiler for crypto investors in the country, Indian tax authorities are planning to…
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