The government’s focus on checking GST evasion has led to a massive surge in detection, which has crossed 1.5 lakh crore during the first seven months of the financial year, higher than the Rs. 1.3 lakh crore detected during 2022-23, the government said in Parliament on Monday.
Separately, minister of state for finance Pankaj Chaudhary told Rajya Sabha that in the current and last financial year, authorities had issued 71 show cause notices to online gaming companies, involving Rs. 1,12,332.
Tax authorities had stepped up notices after the GST Council decided to “clarify” that online gaming and casinos faced a 28% levy on the gross betting amount. The government is hoping to collect taxes from these companies, although the demand is yet to determined.
The matter is, however, in courts as some of the gaming companies have challenged the government action.
Read more at : The Times of India
Share this content: