Revolutionary Raja Ram for Tax & Economic Reforms
over 1 year ago
The Indian government is taking decisive action to tackle the evasion of GST by offshore gaming platforms. They are determined to level the playing field and ensure fair taxation. 💪🎮
The Finance Ministry has assured that there are sufficient enforcement provisions to take action against these platforms. Revenue Secretary Sanjay Malhotra has said that the action could include banning these platforms.
The GST Council will meet on Wednesday to discuss the changes in legislation for levying a uniform 28% GST on online gaming, casinos, and horseracing. The meeting is also expected to discuss the base value for the applicability of GST.
The government's move is a welcome step to ensure that all gaming platforms, whether domestic or offshore, are paying their fair share of taxes.
It will also help to level the playing field for domestic gaming companies, which have been at a disadvantage due to the lack of regulation of offshore platforms. I hope that the GST Council will take strong action against offshore gaming platforms that are evading GST.
This will send a clear message that the government is serious about collecting taxes and ensuring a level playing field for all gaming companies. I will continue to keep you updated on this issue. Thank you for reading.
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