* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, June 23, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    Safety concerns in Deep Ellum create apprehension as the entertainment district gains visitors – CBS News

    Safety Concerns Surge Amid Deep Ellum’s Booming Popularity and Growing Crowds

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

    Elisabeth Moss’ ‘Handmaid’s Tale’ Emmy chances, by the numbers – Yahoo

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

    Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

    Top Technology Stocks to Watch Today – June 22nd

    Technology Convergence Report 2025 – The World Economic Forum

    Technology Convergence Report 2025 – The World Economic Forum

    How AI can help make cities work better for residents – MIT Technology Review

    How AI can help make cities work better for residents – MIT Technology Review

    Tech Champions with Leo Bletnitsky of Healthy Technology Solutions – Buzz Media Group

    Meet Tech Champion Leo Bletnitsky of Healthy Technology Solutions

    Crypto’s true revolution is about humanity, not technology – Cointelegraph

    Crypto’s Real Revolution: Transforming Humanity Beyond Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Online gaming industry awaits SGST law amendments amid GST clarifications

October 1, 2023
in Business
Online gaming industry awaits SGST law amendments amid GST clarifications
Share on FacebookShare on Twitter

Home

News

Sports

Updated – September 30, 2023 at 07:07 PM.
|
New Delhi

The Centre has set October 1 as the implementation date for GST clarifications in the online gaming, casino, and horse racing sectors.

Online gaming stakeholders express concerns about the delay in State Goods & Services Tax (SGST) law amendments, potentially leading to unilateral actions by states.

Online gaming stakeholders express concerns about the delay in State Goods & Services Tax (SGST) law amendments, potentially leading to unilateral actions by states.

Online gaming players are apprehensive that no amendments have yet been made in SGST (State Goods & Services Tax) laws in the States, which could lead to unilateral actions. The Centre has notified October 1 as the appointed date for implementing laws to clarify the 28 per cent GST on online money gaming, casinos and horse racing.

Although, there is nothing in the GST law which prohibits the Centre from notifying amendments in law without States amending laws at their own end, considering the basic structure of GST, any change is implemented post-amendment by both the Centre and States/UT (with legislatures) so that there there emerges no legal issues.

The Centre has amended the CGST (Central Goods & Services Tax) and IGST (Integrated Goods & Services Tax) to implement recommendations by the GST Council to provide clarity on the taxation of supplies in casinos, horse racing and online gaming and issued notifications. However, more than a dozen States are yet to amend respective SGCT Acts.

“Only a few States are remaining (yet to amend SGST laws) and they will do so in few days,” a top Finance Ministry official told businessline.  However, this failed to convince online gaming players. 

AIGF’s plea for reconsideration

“It is humbly requested to kindly reconsider these notifications as this may open floodgates of unilateral actions in future by various states in various other aspects of GST thereby tearing apart the fabric of GST so carefully stitched together through a painstakingly built consensus between Center and the States by the then Finance Minister, the late Shri Arun Jaitley,” All India Gaming Federation (AIGF) said in a representation to Revenue Secretary Sanjay Malhotra, which has been seen by businessline.

Legal perspective

It highlighted a portion of the Supreme Court judgement in the matter of the Mohit Mineral case. The Apex Court quoted, with approval, the Kerala High Court judgment in Baiju vs. State Tax officer, “while explaining the ‘simultaneous’ nature of power held by Parliament and State legislature, it was observed that the power under Article 246A can be exercised simultaneously by the State legislature and Parliament and none hold any ‘unilateral or exclusive’ legislative power.”

The federation further argued that the Statement of Objects and Reasons of the Constitution (One Hundred and Fifteenth Amendment) Bill 2011 2014 Amendment Bill recognised a common national market for goods and services as one of the reasons for the amendment. “The above position of law was clearly acknowledged by the Revenue Secretary who, post the 50th meeting of the Goods and Services Tax Council, had clearly stated to the press that these amendments would be implemented after all the States pass their respective amendments,” it said.

Queries about GST treatment

The federation also raised some queries. “With around 15 States yet to make changes to their respective State GST laws, what would be GST treatment that ought to be adopted by online gaming companies registered in those States in relation to deposits received from players of those States? Since the amendments to the State GST laws are yet to be passed, the online gaming companies cannot charge SGST and can only charge CGST. Going forward, will the online gaming companies be penalised for not being able to charge the appropriate GST?,” it asked.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TheHinduBusinessLine – https://www.thehindubusinessline.com/news/sports/online-gaming-industry-awaits-sgst-law-amendments-amid-gst-clarifications/article67365820.ece

Tags: businessgamingOnline
Previous Post

Spain, Real Madrid Legend Sergio Ramos Robbed With Children Inside Home

Next Post

Aditya-L1 mission: ISRO’s solar probe breaks free, heads for Sun-Earth L1 point

Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

June 23, 2025
Atlanta Sports: High school, college and pro sports from the AJC – AJC.com

Atlanta Sports Update: Exciting High School, College, and Pro Highlights

June 23, 2025
US judge blocks slashing of universities’ federal funding from National Science Foundation – Reuters

US Judge Halts Cuts to Federal Funding for Universities from National Science Foundation

June 23, 2025
The Computer-Science Bubble Is Bursting – The Atlantic

Is the Computer-Science Boom Coming to an End?

June 23, 2025

6 Life Moments When Staying Silent Is the Wisest Choice

June 23, 2025
Dollar Gains as the World Awaits Iran’s Response to US Attack – Yahoo Finance

Dollar Gains as the World Awaits Iran’s Response to US Attack – Yahoo Finance

June 23, 2025
The Political Economy of Reform in Lebanon and its Challenges – Middle East Transparent

Unveiling Lebanon’s Reform Journey: Overcoming Challenges and Political Obstacles

June 23, 2025
Three AI Trends Reshaping the Future of Media & Entertainment – TVTechnology

3 Game-Changing AI Trends Revolutionizing the Future of Media and Entertainment

June 23, 2025
Tell us your immigration crackdown story – CNN

Tell us your immigration crackdown story – CNN

June 23, 2025
Promising Technology Stocks To Follow Today – June 22nd – MarketBeat

Top Technology Stocks to Watch Today – June 22nd

June 23, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (697)
  • Economy (713)
  • Entertainment (21,611)
  • General (15,529)
  • Health (9,753)
  • Lifestyle (718)
  • News (22,149)
  • People (716)
  • Politics (720)
  • Science (15,932)
  • Sports (21,210)
  • Technology (15,699)
  • World (693)

Recent News

Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

Marvell Technology Stock Rallies After AI Event Sparks Investor Optimism – Yahoo Finance

June 23, 2025
Atlanta Sports: High school, college and pro sports from the AJC – AJC.com

Atlanta Sports Update: Exciting High School, College, and Pro Highlights

June 23, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version