SC said- 28% GST on online gaming companies is right: States got the right to ban money games; If tax is collected many companies will close down

SC said- 28% GST on online gaming companies is right: States got the right to ban money games; If tax is collected many companies will close down

The Supreme Court has fully upheld the Goods and Services Tax (GST) show-cause notices issued to online gaming companies. The court said that it is constitutionally correct to charge 28% tax on the full value of deposits on the gaming platform. The country’s highest court rejected the petitions of Delta Corp and other gaming companies…

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Bank’s clarification on arrest of Fino Bank CEO: Case of GST evasion of ₹3,000 crore by partner company; Shares recover after falling 15%

Bank’s clarification on arrest of Fino Bank CEO: Case of GST evasion of ₹3,000 crore by partner company; Shares recover after falling 15%

On the arrest of Fino Payments Bank MD Rishi Gupta, the bank says that this matter is not related to the functioning of the bank or tax compliance. This is part of the ongoing investigation against external partner companies. GST Intelligence had arrested Rishi Gupta on 27 February. This is the biggest action ever taken…

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