Real money gaming sector tops GST evasion list
online gaming sector topped the apex goods and services tax (GST) intelligence and investigation agency’s evasion list with detection to the tune of about Rs 1.10 lakh crore, involving show cause notices to 34 taxpayers, action against 118 domestic entities and 658 offshore entities.
In its annual report released Saturday, the Directorate General of GST Intelligence (DGGI) identified online gaming as one of the challenging sectors with offshore entities based in tax havens.
“Bringing the gaming entities under tax net continues to be an uphill task,” the report said. Use of the dark web and virtual private networks (VPNs) based platforms for such have been cited as key challenges.
The report added that the DGGI had recommended 167 URLs and websites for blocking.
«Many such firms are set up in offshore tax havens (Malta, Curacao Islands, British Virgin Islands, Cyprus etc.), known for their opacity, thus making it difficult to ascertain their ultimate ownership,» DGGI said in its report. Some online gaming platforms keep changing URLs and apps to avoid tax compliance.
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