Partner at D P S A &... • 1y
Tax and Accounting Compliance within the Online Gaming Sphere!! How it Started in CGST ACT ➡SCHEDULE III of the CGST Act contains “Activities or Transactions which shall be treated neither as a Supply of Goods nor a Supply of Services” #Old Para 6 of SCHEDULE III =Actionable claims, other than lottery, betting and gambling #New Para 6 of SCHEDULE III=Actionable claims others than except Specified Actionable Claim ➡This means Specified Actionable Claim will comes under perview of GST Examples of Actionable claim-(1) betting (ii) casinos (iii) gambling (iv) horse racing (v) lottery or (vi) online money gaming ➡This way all Gaming Industries were entered in preview of GST ➡ Now thereis no game of skill for online gaming industries ie no benfit of 18% #CA #DPSA #Online Gaming #Finance #Startups #Taxation
Partner at D P S A &... • 1y
Continue-Tax and Accounting Compliance within the Online Gaming Sphere!! Value of supply of online gaming including online money gaming Value =Total paid or payable to or deposited with the supplier by way of money or money's worth, including virtu
See MoreHey I am on Medial • 6m
Start an Online Gaming Center Starting an online gaming center has been yet another flourishing and profitable business that a person below the age of 21 can successfully launch. Gamers all over the world visit gaming websites to register and play v
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SucSEED Ventures • 3m
Between 2022 and 2024, the Indian government banned 1,298 online gaming platforms due to concerns regarding addiction, financial hazards, and non-payment of taxes. The Ministry of Electronics and Information Technology (MeitY) imposed stricter contro
See MoreDo your best. So you... • 3m
I have an idea where we can built a sustainable world. And the idea is why can't we collect garbage at home and industries and recycle it. We can use the help of online apps where we give schedule to people for collection of garbages. Do answer the
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