GST authorities issued over Rs 1 lakh crore showcause notices to online gaming firms for alleged tax evasion, SC stays proceedings.

The Supreme Court has halted proceedings related to showcause notices issued by GST authorities to online gaming companies and casinos, amounting to over Rs 1 lakh crore, for alleged tax evasion. A judicial bench emphasized the need for a hearing, staying all actions against these firms. The government amended the GST law, requiring overseas online gaming companies to register in India from October 1, 2023, with a 28% GST on the full value of bets. Gaming companies have challenged these GST demands in various High Courts, and the Supreme Court has consolidated these cases for a definitive ruling. .....

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