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Supreme Court stays GST notices worth ₹1.12 lakh crore sent to online gaming firms
short by Ashley Paul / on Friday, 10 January, 2025
The Supreme Court has stayed show cause notices worth ₹1.12 lakh crore issued by DG of GST Intelligence to online gaming companies over the imposition of a 28% GST on entire value of players' bets. The petitioners had argued GST should apply only to gross gaming revenue. They also argued that 28% GST should not be applicable retrospectively.
read more at Moneycontrol