Online gaming companies hoping for relief from the GST Council on retrospective taxes adding up to Rs. 1.12 trillion may have to wait longer. The federal indirect tax body is unlikely to consider the industry’s plea during its meeting on Saturday, according to two officials informed about the council’s plans.
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Companies with games involving real money have been treading a tightrope after authorities last year issued 71 notices for evasion of goods and services tax for the period prior to 1st October, when a 28% GST rate was specifically prescribed on the full value of deposits made..
Read more at: Livemint
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