- The Supreme Court has issued a notice to the government regarding tax demands on online gaming companies.
- The court has given the government two weeks to respond to the plea filed by the gaming companies.
- The issue arose when the GST Council amended the law to impose a 28% tax rate on online games involving bets.
- Gaming companies argue that the tax should only be applicable from 1 October, while the government claims it is not retrospective.
- The GST Department plans to file a petition to transfer all related cases to the Supreme Court.
- In a separate case, the Supreme Court stayed a ruling that quashed a GST notice on a Bengaluru-based gaming company.
Source: a2ztaxcorp.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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