- Stricter norms for filing GST returns will improve compliance and reduce enforcement action
- The chairman of the Central Board of Indirect Taxes and Customs believes that these tighter norms will make life easier for honest taxpayers
- The example of online gaming companies is cited, where tax payments have increased by 400% since the amendment to levy 28% tax on online money gaming, casinos, and horse racing
- The department will wait for the Supreme Court’s decision on past cases and notices before taking any action
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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