MAHARASHTRA CASINOS
Karnataka GST authorities write to 161 online gaming firms, ask them to apply revised rate
“We don’t want any company to claim later that they were not aware of the details of the recent amendments to the GST laws,” a senior official with the commercial taxes department told ET.
Maharashtra government scraps casino act, decides to give ration under 'Anand Shidha' scheme in 14 districts facing farmer suicides
The Maharashtra government on Friday decided to scrap a more than 45-year-old Act connected to casinos and also announced that it would provide ration under the 'Anand Shidha' scheme for Ganpati and Diwali festivities to above poverty line as well as orange card holders in 14 districts which have witnessed farmer suicides. These decisions were taken in a cabinet meeting chaired by Chief Minister Eknath Shinde, officials said.
FM Nirmala Sitharaman: 28% GST on online gaming from October
The Council had earlier said that GST on online gaming will be imposed without any differentiation on whether it's based on skill or chance.
GST Council agrees to levy 28% tax on online gaming on full face value
West Bengal finance minister Chandrima Bhattacharya said the Council has also approved the exemption of GST on import of cancer drug Dinutuximab, and Food for Special Medical Purposes (FSMP) used in the treatment of rare diseases.
India's GoM on online gaming, casinos, horse racing broadly agrees on 28% GST; Goa has a different view
India's group of ministers has agreed on a 28% GST on online gaming, horse racing and casinos, but could not reach a consensus on the taxability of online games. Some states suggested a 18% tax on platform fees while others suggested a 28% tax on GGR or commission on all three supplies. The GST Council is expected to take a final view on the taxation rate and taxability of the three activities on July 11.
7 best river cruises in India
If you are looking for a unique domestic holiday this year, opt for any of the popular river routes, but be prepared to shell out a large sum if you opt for a longer, luxury cruise.
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Banking sector will continue to do well: Gautam Duggad
So it is our base case that this sector will continue to do well and it is amply reflected in our model portfolio where PSU banks have been the single largest overweight for us for more than a year running now.
GoM on GST levy on casinos, online gaming to submit report next week
The GoM in its earlier report submitted to the council in June had suggested a 28 per cent GST on the full value of the consideration, including the contest entry fee, paid by the player without making a distinction such as games of skill or chance. However, the council had asked the GoM to reconsider its report.
Nitish Kumar's political fluidity spectacularly cynical
To the wide-eyed spectator, Kumar's political fluidity is spectacularly cynical, with the JD(U) only as a casino chip to ensure he stays on as chief minister. To the more hard-nosed observer, however, Kumar is playing from a handbook going under the title, 'Whatever it takes'. In the latest case of the JD(U) decoupling with the BJP, its latest ally in government, to join hands with the Tejashwi Yadav-led RJD yet again to stay in power, it did not even take stowing away MLAs in distant resorts.
Another crypto firm freezes withdrawals; Byju’s says Aakash payments done
The Singapore-based crypto platform Vauld said earlier today it has frozen withdrawals and trading
GST council meeting to decide on Online gaming compensation today
The group of ministers on online gaming casinos, headed by Meghalaya Chief Minister Conrad Sangma had submitted a report to the council, recommending the highest 28% tax on these activities. Sources said that the council is likely to accept the report.
GST Council meet: Compensation issue, tax on online gaming, tax exemption list top on agenda today
The GST Council, headed by Union finance minister Nirmala Sitharaman and comprising representatives of all states and UTs, is meeting after a gap of six months. This will take up 25 major issues, including discussion on reports by three groups of ministers, series of clarification, some relief majors for small online suppliers.
GST council expected to focus on improving revenue collections and plugging leakages
A group of ministers (GoM) headed by Maharashtra finance minister Ajit Pawar, which is scheduled to give its report on reforms on the GST system to the council, has recommended public disclosure of information of unregistered bogus traders and provision of information on transactions through Point of Sale (POS) by banks, among others.
28% GST likely on casinos, online gaming, horse races on gross revenue
Currently, services of casinos, horse racing and online gaming attract 18 per cent GST. The GoM would decide on the method of valuing the services. The Government had in May last year set up a panel of state ministers for better valuation of services of Casinos, online gaming portal and race courses for levying GST.
GoM recommends 28% GST on online gaming, races, casinos
The GoM, headed by Meghalaya chief minister Conrad Sangma, on Wednesday discussed the valuation of services provided by casinos and online gaming, and sources aware of the proceedings said that they proposed a flat 28% rate. There was also a general consensus that the levy should be on the gross gaming revenue and not on per transaction or on every betting amount.
Ministers' panel unanimous on 28 pc GST on casino, online gaming, horse racing: West Bengal FM Chandrima Bhattacharya
At present, services of casino, horse racing and online gaming attract 18 per cent GST (Goods and Services Tax).
'He told me I am a role model.' No cigarette or casino ads - Sachin Tendulkar honours a promise he made to his dad
There's a reason why the cricket legend is never seen in endorsing certain products.
Time to reassess what is good, what is bad and what is ugly about India's tech regulations
Three sets of issues emerge here - understanding the nature of technology-linked risks, assessing the challenges to governance, and being imaginative in embracing new modes of regulation.
Online gaming: Wait for GoM's decision, High Court tells GST authorities
According to a recent AAR ruling, online games are classifiable under online information and data-based access or retrieval services or OIDAR services, under GST which is taxable even if the cloud is located outside India. However, contention is open on whether recent games like Dream 11 that offer fantasy sports gaming services qualify as a game of skill or gambling.
Betting on games needs skill and luck -- a plain truth our Yudhishthirs must get
On June 3, the high court had issued a notice to the Maharashtra government after a Maharashtra Navnirman Sena (MNS) member KR Muley sought an FIR against a company that operates online ludo. Muley contends that playing ludo for moolah falls foul of the Bombay Prevention of Gambling Act, 1887.
Panel of state ministers to examine valuation of services by casinos, online gaming for GST
The seven-member panel, convened by Gujarat Deputy Chief Minister Nitin Patel, will also examine whether any change is required in the legal provision for better means of valuation of these services.
GST Council constitutes GoM to look into online gaming, race courses, casinos
The Council has set four-point terms of reference for the GoM which will include examining the taxability of certain transactions in casinos related to present legal provisions and orders of Courts. "To examine whether any change is required in legal provisions to adopt any better means of valuation of these services,” the terms state. The GoM will also examine the administration of alternative valuation provisions if recommended.
India-wide Corona infections touch 100, Maharashtra has most cases 31
Of the 12 fresh cases that emerged in Maharashtra on Saturday, five were in Pimpri-Chinchwad, two in Yavatmal and one each in Mumbai, Vashi (Navi Mumbai), Kamothe, Kalyan and Nagpur. The numbers rose even as Maharashtra decided to shutter all air-conditioned malls, schools, colleges, technical institutions and coaching classes across the state till March 31.
‘Pricey popcorn at the movies ensures ticket prices don’t pop’
Multiplexes say they rely on concession stands to make their businesses sustainable.
Maharashtra may allow offshore casinos
In the next few days, the Maharashtra government is expected to discuss whether or not to legalise casinos in the state.
BPCL, IOC, HPCL should gain on changes in oil import rule: Avinnash Gorakssakar, Precision Investment
On relaxing rules on spectrum allocation, tier 2 telecom companies can gain
Seinfeld no-show: Maharashtra has become a state of nothing, where nothing seems to happen
Most event organisers here know they have to start organising any event by assuming that, at the last moment, the police won’t let it happen.
BJP, RPI activists collect fund to save INS Vikrant
In a bid to save decommissioned aircraft carrier INS Vikrant from being auctioned, BJP and RPI activists today collected money to maintain it.
Goa coast put on alert following LeT threat
Goa was put on alert today following intelligence inputs about a possible terror attack on the coastal state by Lashkar-e-Taiba (LeT).
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