- The Supreme Court upheld the government’s retrospective 28% GST levy on online gaming companies, validating tax demands on past transactions.
- The court said online gaming platforms are not mere intermediaries and that the activity creates actionable claims under GST law.
- It held that the GST amendments were clarificatory and therefore apply retrospectively.
- Gaming companies argued the levy wrongly treats skill-based games as gambling, but the government said the amounts staked are taxable as betting/gambling.
- The ruling could have major financial consequences for the sector, with tax demands reportedly totaling about Rs 91,684.81 crore.
Source: a2ztaxcorp.net
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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