Significantly, TDS has to be deducted from the amount excluding GST. Thus, they are saved from paying tax on the GST portion as it mandatorily is payable by them. The section has also stipulated a ...

This has resulted in players migrating to offshore platforms that openly advertise their GST-free and TDS-free experiences.

Real money gaming firms-backed Skill Online Games Institute (SOGI) has demanded that the government levy 28 per cent GST on ...

Skill Online Games Institute (SOGI) urges the Indian government to levy 28% GST on platform fees instead of deposits for ...

Mysuru: With effect from 1.11.2024, that is October 2024 tax period, GST-TDS Return in FORM GSTR-7 filing has been made ...

Taxpayers should review their records and complete the filing process to avoid penalties and ensure smooth compliance with ...

In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961) (hereafter in this notification referred to as the said Act), the Central Government ...

The reduction in TDS and the GST relief provide immediate financial benefits, while the projected growth in agricultural insurance opens up new market segments. However, to fully capitalize on ...

The GST is an indirect tax that replaced many others ... It followed this up with a 1% tax deduction at source (TDS), which is levied on salaries and other incomes, of those selling cryptocurrencies.

In effect, for every $100 (£76.8) spent by a player, there will be a "sunk cost" of $28 towards GST, in addition to a $5-15 charge by the gaming platform and a 30% tax deducted at source (TDS ...

ITAT Visakhapatnam held that the assessee acted only as an agent (kaccha arahtia) and therefore it is eligible to get credit of the entire amount deducted as tax at source. Thus, there is no short ...