Tax Evasions in Gaming Companies have become an ever increasing issue

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Tax Evasions in Gaming Companies have become an ever increasing issue

1. INR 21,000 Crores Alleged Tax Default in GamesKraft

2. INR 40,000 Crores Alleged Tax Evasion in Dreams11

71 Show Cause Notices of GST Evasion amounting to INR 1.12 Lakh Crores for FY 2022-23 and 2023-24 to Gaming Companies as reported in Business Standard on 5th December 2023.

Internal GST Expert Commitee needs to be set up in Gaming Companies for Competent Calculations. It is definitely affordable to the Tax defaults and penalties. Fore-warned is Fore-armed.

Large Tax Defaults has been reason for Company’s winding up, So the same should not be taken lightly and instant measures be introduced for GST Complainces.

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