Experts call for clear regulation and tools to curb online gaming tax evasion, ET LegalWorld
Recently, The DGGI (Directorate General of GST Intelligence) has detected tax frauds to the tune of more than Rs. 2 Lakh Crore during the Financial Year 2023-24 and recovered more than Rs. 26.5 Thousand Crore of such evaded tax. DGGI has unearthed number of modus operandi by which tax evasion was been done such as […]
SC launches online mediation training web-portal, Legal News, ET LegalWorld
The Supreme Court has launched an online mediation training web-portal developed by National Legal Services Authority (NALSA) in collaboration with the apex court’s Mediation and Conciliation Project Committee (MCPC). Chief Justice D Y Chandrachud and Justice Sanjiv Khanna, executive chairman NALSA, launched the portal on Wednesday. Speaking at the function, Chandrachud said this training programme […]
DGGI flags online gaming as ‘high-risk’ sector, recommends blocking 167 websites, ET LegalWorld
The Directorate General of GST Intelligence (DGGI) has urged for increased scrutiny of online gaming platforms, citing concerns over potential tax evasion and money laundering risks. According to news agency PTI, an inter-departmental committee with representatives from the Enforcement Directorate (ED), Reserve Bank of India (RBI), tax, and consumer affairs departments may be set up. […]
Inter-dept panel may be set up to ensure compliance by online gaming platforms, ET LegalWorld
An inter-departmental committee with representatives from ED, RBI, tax and consumer affairs departments may be set up to combat the proliferation of online gaming platforms and ensure regulatory compliance, a DGGI report said. The GST intelligence wing of the Central Board of Indirect Taxes and Customs (CBIC) has initiated action against 118 domestic online gaming […]
GST Council to deliberate on taxation of insurance premium, report on online gaming, ET LegalWorld
The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and […]
PayGlocal gets RBI nod to operate as online merchant payments company, ET LegalWorld
Tiger Global-backed payments startup PayGlocal has received the online payment aggregator licence from the Reserve Bank of India (RBI). PayGlocal joins the likes of Razorpay, Cashfree, and CCAvenue to get the licence which will allow it to provide payment services for ecommerce merchants. PayGlocal is an international payments-focused startup and has also applied for a […]
GST Council to discuss status report on online gaming taxation, fake registration in Sep 9 meet, ET LegalWorld
The GST Council in its meeting next week is likely to deliberate upon the status report on taxation of online gaming, in addition to the progress of the drive against fake Goods and Services Tax registration, sources said. The Council will also clear the notifications to give effect to the amendments in GST law, which […]