The gaming industry in India is facing tax woes as the GST department issued pre-show cause notices to several cash flow-rich firms in the sector. One of the notices, amounting to an estimated Rs 25,000 crore, was served to fantasy sports company Dream11, making it the largest indirect tax notice in India. This move has sparked legal disputes and challenges from the gaming companies, who argue that the tax demands are retrospective and unfair. The Supreme Court will conduct further hearings on the matter on October 10.
from Tech-Economic Times https://ift.tt/R2ZgvkE
Subscribe to:
Post Comments (Atom)
-
Facebook’s Zuckerberg blasted for ‘out of touch’ year-end post after scandal-plagued 2018 After a year plagued by privacy scandals, hat...
-
iCOPS will deliver a unified management experience across hybrid and multi-cloud operations with a focus on enhancing compliance and securit...
No comments:
Post a Comment