ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore

The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.

A government panel of state finance ministers has not yet submitted its report on plans to tax the online gaming sector, according to a government official. The panel is yet to decide whether to talk the profits of these firms, or the value of the entire pool of money collected from game participants.

At the Rajwada palace, Rahul Gandhi again attacked the central government, saying, "What the Chinese army couldn't do to India has been done by demonetisation and a flawed GST".

Cellular Operators' Association of India (COAI)has urged the government for rationalisation of GST, reduce of licence fee to 1 percent from 3 percent and sought a waiver of customs duty on network equipment for the 5G rollout. During the pre-Budget discussions, the telecom operators' body also sought the removal of GST on the licence fee, spectrum usage charges and pa...

Attending a tribal outreach programme in Jhargram, the Bengal Chief Minister, taking a swipe at the BJP, wondered whether India has become a "one-party country"

Launching a tirade against the BJP-led Union government, West Bengal Chief Minister Mamata Banerjee today said that if the Centre does not clear the state's dues, it may have to stop paying Goods and Services Tax or GST.

A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.

India’s Central Board of Indirect Taxes and Customs (CBIC) has asked crypto exchanges operating here to provide a list of all the cryptocurrencies that are being traded on their respective platforms. The process is expected to better determine the crypto transacting trends that are catching pace in the Indian fintech market.

RSS-affiliated Bharatiya Kisan Sangh (BKS) on Monday announced a protest rally of farmers in the national capital on December 19 to press their demands for increasing financial assistance under the PM-KISAN scheme.

The finance ministry has begun looking into the characteristics of cryptos, their usage and legal framework before the GST Council draws up a comprehensive indirect tax regime for crypto assets.

Delhi Chief Minister Arvind Kejriwal on Saturday claimed that the Centre did not have to impose Goods and Services Tax (GST) on food items if the BJP had not spent a whopping Rs 6,300 crore on toppling governments of other parties in the country.

Delhi Chief Minister Arvind today alleged the government led by Prime Minister Narendra Modi has been piling on taxes on the masses but waiving it off for the rich.

Three partners of a firm based in neighbouring Thane district were arrested on Sunday for allegedly evading Goods and Services Tax (GST) and fraudulently availing input tax credit (ITC) collectively worth Rs 78 crore, officials said.

As Congress is holding nationwide protests against the central government over the issues of inflation, price rise, Goods and Services Tax (GST) and unemployment, Union Minister Anurag Thakur on Friday hit out at the top brass of the grand old party.