🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
DGGI drops Rs 3,000 crore tax demand for FY18 on 18 foreign shipping firms working in India: Report
Money Control
·
11m ago
Medial
The Directorate General of Goods and Services Tax Intelligence (DGGI) has dropped a tax demand of Rs 3,000 crore for the financial year 2017-18 against 18 foreign shipping companies operating in India. The tax demand for subsequent years will remain unchanged. This comes as a relief for companies like Maersk, Orient Overseas Container Line Ltd, and Hapag Lloyd Mediterranean Shipping, who were facing notices for non-payment of goods and services tax (GST) on import of services. The companies gave an undertaking that there was no import of services in 2017-18.
View Source
Related News
Strongly believe we're not liable to pay any tax on delivery charge, says Zomato
Money Control
·
1y ago
Medial
Food tech company Zomato has stated that it is not liable to pay tax on delivery charges as it believes the amount is collected on behalf of its delivery partners. The statement follows a demand notice from the Directorate General of GST Intelligence (DGGI), requesting payment of pending tax dues. DGGI argues that Zomato is liable to pay 18% GST on the delivery fee, but industry experts contend that the burden falls on gig workers, who are exempt from GST. Zomato plans to file a response to the notice and asserts that it has a strong case.
View Source
Amid Tax Tangles, Govt Mulls Panel To Ensure Compliance By Online Gaming Entities
Inc42
·
10m ago
Medial
The Directorate General of GST Intelligence (DGGI) has identified 658 offshore entities that are either non-registered or non-compliant, with a tax demand totaling INR 1,10,531.91 crore. The DGGI has also recommended blocking 167 URLs and websites to curb illegal activities. Many gaming platforms are registered in offshore tax havens such as Malta, Curacao, and the British Virgin Islands. These actions are aimed at ensuring compliance with the mandated 28% GST rate.
View Source
Tax issues may force airlines to exit India: IATA DG
Livemint
·
1y ago
Medial
The International Air Transport Association (IATA) has raised concerns that the complexities of India's tax system may drive global airlines away from the country. The IATA's director general, Willie Walsh, highlighted worries over potential withdrawal of international airlines due to tax intricacies and the risk of double taxation. The Directorate General of GST Intelligence (DGGI) has previously conducted searches at Indian offices of foreign airlines over alleged tax evasion. Foreign carriers currently dominate international air traffic to and from India, while Indian carriers account for 44% of the market.
View Source
GST: Infosys, foreign airlines, shipping lines may see relief as concerns rise for ‘ease of doing business’, says report | Mint
Livemint
·
11m ago
Medial
The Indian government is considering providing relief on Goods and Services Tax (GST) to companies such as Infosys, foreign airlines, and foreign shipping lines, in an effort to ease concerns over the ease of doing business. The finance ministry's Department of Revenue is working on changes to improve clarity and reduce compliance burdens, especially in the service sector. A Group of Ministers (GoM) on GST rate rationalisation will meet ahead of the GST Council meeting on September 9 to discuss the progress and future course of action in this regard.
View Source
DGGI Detects Tax Evasion Of INR 81K Cr By Gaming Cos In FY24
Inc42
·
10m ago
Medial
According to the annual report from DGGI, the online gaming industry was found to be most susceptible to tax evasion in the fiscal year 2023-2024. The BFSI (Banking, Financial Services, and Insurance) sector also showed a high risk of tax evasion. During this period, DGGI identified 6,084 cases of GST evasion worth INR 2.01 Lakh Cr, compared to 4,872 cases worth INR 1.01 Lakh Cr in the previous fiscal year. In response to the imposition of a 28% GST, several online gaming companies received notices to pay pending taxes amounting to INR 1.12 Lakh Cr.
View Source
BlackBuck receives Rs 28.6 lakh tax demand; seeks name change from Zinka Logistics
YourStory
·
1m ago
Medial
BlackBuck, operated by Zinka Logistics Solutions, received a Rs 28.55 lakh tax demand for FY18 for not deducting tax at source on specific expenses, affecting no major financial impact. Meanwhile, BlackBuck seeks to rename to 'BlackBuck Limited' and ratify past ESOPs per SEBI's regulations. Following its public debut, early investors like Flipkart and Accel sold their stakes, while institutional buyers acquired a 4.73% stake. Currently, BlackBuck's shares trade at Rs 428 on NSE.
View Source
40 online gaming firms to get notices for tax evasion: Report
Inshorts
·
1y ago
Medial
About 40 online gaming firms will get show-cause notices for alleged tax evasion after the Supreme Court stayed a Karnataka High Court order quashing a ₹21,000-crore GST evasion notice to Gameskraft, Moneycontrol reported. Since activities of Gameskraft and other gaming firms are identical, authorities had held back notices. Two ₹3,000-crore tax evasion notices have already been sent to two firms.
View Source
Infosys says DGGI withdraws tax demand of ₹3,898 crore for FY18 | Mint
Livemint
·
1y ago
Medial
Infosys has announced that the Directorate General of GST Intelligence (DGGI) has withdrawn a tax demand of INR 3,898 crore for the financial year ending March 2018. This decision provides partial relief to the Indian software company, as the ongoing tax battle remains unresolved. Another tax demand of INR 28,505 crore from the remaining five years is still pending. The withdrawal suggests a potential early resolution of the matter, as the government is said to be considering Infosys' plea that GST does not apply to services provided by its overseas branches.
View Source
Blackbuck Hit with INR 28.56 Lakh Tax Demand for FY18, Set to Appeal
StartupTalky
·
1m ago
Medial
BlackBuck, a logistics startup, received a tax demand notice of INR 28.56 Lakh for FY18 due to certain expenses allegedly not having tax deducted at source. The company plans to appeal the decision, asserting a strong case while stating there are no significant implications from the order. Despite the notice, BlackBuck reported robust financial growth, turning a net profit of INR 280.1 Cr in Q4 FY25 and gaining an RBI licence for its subsidiary, Zinka Logistics, for prepaid payment instruments.
View Source
Crypto Exchange Binance Gets INR 722 Cr GST Demand Notice
Inc42
·
1y ago
Medial
Binance, a popular cryptocurrency exchange platform, has been issued a show-cause notice by the Directorate General of Goods and Services Tax Intelligence (DGGI) in India. The notice demands payment of INR 722 crore in Goods and Services Tax (GST). The tax demand arises from transaction fees amounting to INR 4,000 crore collected by Binance from Indian traders. This follows a recent fine of INR 18.82 crore by the Financial Intelligence Unit (FIU) for violations of anti-money laundering regulations.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
