Dream 11 Tax evasion allegations are made against India's online gaming industry | Full Details
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Yes, there have been allegations
Yes, there have been allegations of tax evasion against Dream11 and other online gaming companies in India. In March 2023, the Directorate General of GST Intelligence (DGGI) issued a show-cause notice to Dream11 alleging that the company had evaded GST of ₹40,000 crore. The DGGI alleged that Dream11 had failed to pay GST on the nominal value of bets placed on its platform.
Dream11 has denied the allegations and has filed a writ petition in the Bombay High Court challenging the show cause notice. The company has argued that it is not liable to pay GST on the nominal value of bets, as its platform is a skill-based game and not gambling.
Other online gaming companies have also been issued show-cause notices by the DGGI. In April 2023, the DGGI issued a show cause notice to Gameskraft alleging that the company had evaded GST of ₹21,000 crore. The DGGI has also issued show-cause notices to other online gaming companies, such as Mobile Premier League (MPL) and WinZO.
The tax evasion allegations against Dream11 and other online gaming companies are a serious matter. If the allegations are proven to be true, it could have a significant impact on the online gaming industry in India.
#gamingtax #dream11 #currentaffairstoday
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Dream11 has denied the allegations and has filed a writ petition in the Bombay High Court challenging the show cause notice. The company has argued that it is not liable to pay GST on the nominal value of bets, as its platform is a skill-based game and not gambling.
Other online gaming companies have also been issued show-cause notices by the DGGI. In April 2023, the DGGI issued a show cause notice to Gameskraft alleging that the company had evaded GST of ₹21,000 crore. The DGGI has also issued show-cause notices to other online gaming companies, such as Mobile Premier League (MPL) and WinZO.
The tax evasion allegations against Dream11 and other online gaming companies are a serious matter. If the allegations are proven to be true, it could have a significant impact on the online gaming industry in India.
#gamingtax #dream11 #currentaffairstoday
Welcome to Adda247 Regulatory Bodies and SO Exams Preparation YouTube Channel. Prepare for RBI Grade B, NABARD Grade A, NABARD Development Assistant, SEBI Grade A, IBPS SO, SBI SO, SBI CBO, NHB, COAL INDIA LIMITED, UBI SO, SO IT Officer, SO Marketing Officer, SO Law Officer Exam, IFSCA Grade A Exam, Bank of India SO With Free Lectures.
👉Download Our App : https://adda247.app.link/RB
CHECK OUT OUR COURSES?
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
👉Regulatory Bodies & SO Mahapack :- https://bit.ly/3sutT2o
👉Buy Bank Maha Pack Plus :- https://bit.ly/3YSBjbL
👉RBI GRADE B 2024 Officers 2.0 : https://bit.ly/3qXq2ul
👉Nabard Grade A 2023 Aspirant to Officer : https://bit.ly/3L8jrnT
SOCIAL MEDIA
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👉Instagram : https://bit.ly/3qLuE4f
#regulatorybodies #regulatorybodiesadda247 #adda247regulatorybodies #soadda247
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