{"id":21411,"date":"2025-01-10T08:00:46","date_gmt":"2025-01-10T08:00:46","guid":{"rendered":"https:\/\/alertindianews.in\/?p=21411"},"modified":"2025-01-10T08:00:46","modified_gmt":"2025-01-10T08:00:46","slug":"top-court-stays-gst-notices-worth-over-rs-1-lakh-crore-against-gaming-firms","status":"publish","type":"post","link":"https:\/\/alertindianews.in\/?p=21411","title":{"rendered":"Top Court Stays GST Notices Worth Over Rs 1 Lakh Crore Against Gaming Firms"},"content":{"rendered":"

The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.<\/p>\n

A bench of Justices J B Pardiwala and R Mahadevan said the matters required hearing and all proceedings against the gaming companies should remain stayed in the meantime.<\/p>\n

Additional solicitor general N Venkataraman, representing the GST department, said some showcause notices would come to an end in February.<\/p>\n

The matter was posted on March 18.<\/p>\n

GST authorities in October 2023 issued showcause notices to online gaming companies<\/a> for tax evasion.<\/p>\n

The government amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1, 2023 onward.<\/p>\n

In August, 2023, the GST council clarified 28 per cent GST would be levied on the full value of bets placed on online gaming platforms.<\/p>\n

Gaming companies moved various high courts against such GST demands, contesting the claims of the revenue authorities.<\/p>\n

The top court last year allowed a petition of the Centre and transferred to itself pleas, challenging the imposition of 28 per cent GST on e-gaming firms, from nine high courts for an authoritative pronouncement.<\/p>\n

Many online gaming firms like Games 24×7, Head Digital Works, Federation of Indian Fantasy Sports had moved the top court challenging the GST imposition.<\/p>\n

The top court had stayed the Karnataka High Court verdict quashing the GST intimation notice to the tune of Rs 21,000 crore issued to an online gaming firm. P<\/p>\n

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n

\u200bThe Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion.\u00a0\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

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