Saturday, February 24, 2024
Outlook.com
Outlook India
Outlook Business

Gst

Zomato denied any wrongdoing, stating that it is not liable to pay the amount, as the delivery charge is collected by the platform on behalf of delivery partners

It has welcomed over 25,000 non-GST sellers in the past two months

If small businesses have to live in uncertainty not knowing when and how the next strike will come, it perversely incentivizes them to stay small, for they can sense that growing big will attract undesirable attention

Online gaming start-ups are coming to terms with the new reality of a tough landscape as government pushes ahead with its plans of 28 per cent GST. With uncertainty over the sector’s future rising, will the once thriving industry survive the storm?

Based on industry insights, it has been observed that around 1.2 million sellers drop out every year during the registration process due to GST requirements

The 28 per cent GST on real money gaming has come into effect from 1st October

It will use the GST network for extending supply chain financing

Finance Minister Nirmala Sitharaman has announced that a 28 per cent GST on the full-face value of bets placed on online games will be implemented from October 1

In its 50th meeting earlier this month, the Council headed by Finance Minister Nirmala Sitharaman decided to levy the maximum 28 per cent tax on the full face value of bets in online gaming, casinos and horse racing

Online gaming players have expressed disappointment with the decision of the Goods and Services Tax Council to levy a 28 per cent tax on online games involving real money