Dark clouds loom over the post-probe move against online gaming companies by GST Authorities after a ruling by Karnataka High Court in the Gameskraft matter. The government, in a response to a question in Lok Sabha some time back, had given an estimate of tax evasion of around Rs. 23,000 crore by some gaming companies (including online gaming companies)
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businessline had reported that the Central Board of Indirect Taxes and Customs (CBIC) will initiate action against online gaming companies, based on its investigation, after the Karnataka High Court decides on a challenge petition filed by Bengaluru-based Gameskraft. Since the ruling has gone against Tax Department, so…
Read more at : business line
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