Online gaming companies received a big blow last year, when the government issued notices to them for over one trillion rupees in GST. While the matter has ended up in the Supreme, the federal indirect taxes body GST Council now plans to consider the impact of the tax demand on the industry’s viability, two people aware of the matter said.
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Central and State GST officials are examining the grievances of online gaming companies and their request for relief from the tax notices issued for the period till October 2023, totalling over Rs. 1.12 trillion, across 71 cases, the people cited above said on condition of anonymity.
Source: Livemint
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