Govt may set up panel to ensure compliance by online gaming platforms ...Middle East

Business Standard - Economy

An inter-departmental committee with representatives from ED, RBI, tax and consumer affairs departments may be set up to combat the proliferation of online gaming platforms and ensure regulatory compliance, a DGGI report said. The GST intelligence wing of the Central Board of Indirect Taxes and Customs (CBIC) has initiated action against 118 domestic online gaming entities, and Show Cause Notices have been issued to 34 taxpayers involving tax amount of Rs 1,10,531.91 crore. The notices were issued to these gaming companies as they were not paying GST at 28 per cent rate. Furthermore, 658 offshore entities have been identified as non- registered/non-compliant entities and are being investigat

Hence then, the article about govt may set up panel to ensure compliance by online gaming platforms was published today ( Sunday 15/09/2024 - 03:09 PM ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Govt may set up panel to ensure compliance by online gaming platforms )

Last updated : 15 September 2024 clock 03:09 PM

Also on site :

Govt may set up panel to ensure compliance by online gaming platforms ...Middle East

Sandbox VR Continues to Expand Presence with New Location in Miami, Opening June 10

Warning issued as 15 million Brits under-saving for retirement – these are the groups most affected

US Waiver Extension Keeps India’s Russian Crude Lifeline Open

Gargle Launches AI-Enhanced Local Visibility Strategy for Dentists

Higher Oil Prices Have Cost U.S. Consumers $45 Billion Since Iran War Began

Vida Announces Closing of Initial Public Offering

TrendAI™ Zero Day Initiative Leads Industry Remediation at Pwn2Own Berlin

Political and Economic Shifts Cause Massive 42% Clean Energy Slump

REPT BATTERO présente le stockage d'énergie, les technologies de batteries hybrides et les solutions de charge rapide mégawatt à la CIBF 2026

Waters Corporation to Present at the Jefferies Global Healthcare Conference

Denmark Just Made Carbon Capture History, And Almost Nobody Noticed

Grid Bottlenecks Could Slow Southeast Asia’s Power Demand Surge

Trump’s Fed pick to be sworn in at the White House, not the usual venue

Who Pays When Utility Managements Screw Up?

Aramco and Pasqal launch Saudi Arabia's first Quantum Computer and Middle East's first commercial Quantum Computing as a Service platform