SC stays GST notices worth over Rs 1 L Cr against online gaming firms for tax fraud

Quick Summary:

A bench of Justices J B Pardiwala and R Mahadevan said the matters required hearing and all proceedings against the gaming companies should remain stayed in the meantime.

The top court had stayed the Karnataka High Court verdict quashing the GST intimation notice to the tune of Rs 21,000 crore issued to an online gaming firm.

Additional solicitor general N Venkataraman, representing the GST department, said some showcause notices would come to an end in February.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Showcause Companies Notices Policy Stayed Privacy Online Gaming Court Firms Issued

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 09:22:14 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 14 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 25033516

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