News

Gameskraft, a Bengaluru-based gaming platform will discontinue its fantasy offering Gamezy Fantasy, which allowed cricket fans to pick virtual teams, compete in virtual tournaments, and win prizes from Monday.

GST: Gameskraft discontinues Fantasy Platform

The officers CGST Palghar Commissionerate have busted a fake invoice racket that involved availment and passing of ineligible ITC to tune of Rs. 18.66 Crore.

CGST and Excise Department busted Fake GST Invoice Racket of Rs.18.66 Crore; One Person Arrested

The GST authorities are likely to continue follow-up investigations on over 1.25 lakh entities until December to plug revenue leakages, a senior government official told on September 15. These investigations concern bogus input tax credits (ITC).

GST investigation on 1.25 Lakh entities for Fake ITC

Around 40 online gaming companies, including Gameskraft are being investigated for alleged tax evasion. It is claimed that these businesses avoided paying a 28% GST between 2017 and June 30, 2022.

GST Evasion Notice soon for 40 Gaming Companies including Gameskraft

Judgement

Patna High Court in a recent judgment upheld the constitutional validity of Section 16(4) of the CGST/BGST Act for claiming Input Tax Credit (ITC).

Patna HC upholds constitutional validity of Section 16(4) of GST for claiming ITC

Delhi HC in the matter of Aman Gupta v. State has refused anticipatory bail of a Chartered Accountant who is an alleged offender and being charged with issuing fake invoices and e-way bills.

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GST: Gameskraft discontinues Fantasy Platform

CGST and Excise Department busted Fake GST Invoice Racket of Rs.18.66 Crore; One Person Arrested

GST investigation on 1.25 Lakh entities for Fake ITC

GST Evasion Notice soon for 40 Gaming Companies including Gameskraft

Patna HC upholds constitutional validity of Section 16(4) of GST for claiming ITC

Court refuses Bail to CA accused of Forgery and GST Evasion