Latest news with #IGSTAct
Time of India
23-07-2025
- Business
- Time of India
Govt issued 1,524 blocking directions for online betting, gambling platforms: MoS IT
Academy Empower your mind, elevate your skills The government issued 1,524 orders from 2022 till June 2025 to block online betting and gambling platforms , Parliament was informed on of state for electronics and IT, Jitin Prasada, said in a written reply to Lok Sabha that the policies of the Central Government are aimed at ensuring open, safe, trusted and accountable internet for its users."From 2022 till June 2025, the Government has issued 1,524 blocking directions related to online betting/gambling/gaming websites and mobile applications," he said the Directorate General of GST Intelligence Headquarters is empowered as an appropriate government agency under the Information Technology Act, 2000 (" IT Act ") and the IGST Act to direct intermediaries to block unregistered online money gaming platforms, including offshore online money gaming platforms, violating the IGST said that the suppliers of online money gaming are also being regulated under the Integrated Goods and Services Tax Act, 2017 (IGST Act)."Under the Seventh Schedule of the Constitution, 'Betting and gambling' is a State subject (entry 34 of the List II). Therefore, as per the provisions of article 246 read with article 162 of the Constitution, State Legislatures have the power to legislate on matters related to betting and gambling," Prasada minister said that the states and union territories are primarily responsible for the prevention, detection, investigation and prosecution of crimes, including action on illegal betting and gambling."The Central Government supplements the efforts of the States/Union Territories through advisories and financial assistance under various schemes for capacity building of their LEA," Prasada said.
Hindustan Times
23-07-2025
- Business
- Hindustan Times
India blocked 1,524 gambling websites, apps since 2022: Centre in Lok Sabha
India issued blocking orders against 1,524 illegal gambling websites and mobile apps between 2022 and June 2025, the ministry of electronics and information technology (MeitY) informed the Lok Sabha on Wednesday. Online gaming attracts a GST of 28%. (Getty Images) 'From 2022 till June 2025, the government issued 1,524 blocking directions related to online betting/gambling/gaming websites and mobile applications,' MoS MeitY Jitin Prasada said in a written reply to a question raised by TDP MP Krishna Prasad Tenneti on July 23. The government had till February this year issued 1,410 blocking orders, Union minister Ashwini Vaishnaw had said during the budget session in February. This comes amid growing concern over offshore online gambling platforms that operate without following Indian tax rules or local regulations. The Directorate General of GST Intelligence (DGGI) has been authorised under the Information Technology (IT) Act and the Integrated Good and Services Tax (IGST) Act to direct intermediaries to block unregistered online gaming platforms, including foreign gaming platforms violating the IGST Act. Online gaming companies must register under the IGST Act to operate in India, even if they are based outside the country, and platforms that fail to comply risk being blocked. Online gaming attracts a GST of 28%, the government said. While the Centre didn't share the list of blocked platforms or of a state-wise breakdown, it said it supports states and Union Territories through advisories and financial assistance under various schemes for capacity building of their LEAs. 'The policies of the central government are aimed at ensuring an open, safe, trusted and accountable internet for its users,' Prasada said. These platforms, which the government has blocked, often use digital advertising on platforms like Google and Meta to reach Indian users, sometimes via surrogate advertising that masks their true nature. In a separate matter, the Enforcement Directorate (ED) has summoned Google and Meta executives as part of its money laundering investigation into illegal online betting platforms. These platforms are believed to have used ads on multiple websites to promote their services. ED is expected to record the executives' statements under the Prevention of Money Laundering Act on July 28.
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Business Standard
29-06-2025
- Business
- Business Standard
Tata Steel gets show cause notice worth ₹1,007 cr over input tax credit
Tata Steel Limited has been issued a show cause notice over alleged discrepancies in availing Input Tax Credit (ITC) totaling ₹1,007 crore during the period of the financial year 2018–19 to 2022–23. The steel major got the notice from the Office of the Commissioner (Audit), Central Tax, Ranchi. The notice, dated June 27 and received by the company on June 28, directs Tata Steel to explain why the Goods and Services Tax (GST) amount should not be demanded and recovered under Section 74(1) of the Central Goods and Services Tax (CGST) Act and the corresponding provisions of the State GST (SGST) Act, read with Section 20 of the Integrated Goods and Services Tax (IGST) Act, 2017. In an exchange filing, the company said the show cause notice alleges that the ITC was availed in violation of provisions under Section 74(1) of the Central and State GST Acts, as well as Section 20 of the IGST Act. Section 20 of the IGST Act, 2017 permits enforcement of certain provisions of the CGST Act—including audit, scrutiny, demands, penalties, and recovery—in relation to IGST matters too. This means measures under Section 74(1) of the CGST Act, typically applied for tax evasion or undue credit, also extend to IGST claims. Tata Steel clarified that it has already deposited ₹514.19 crore, and this amount is set to be appropriated in the notice. Hence, the remaining GST liability under question is ₹493.35 crore. Under India's GST framework, companies are allowed to claim input tax credit on goods and services used in their business operations, offsetting this against their output tax liability. However, improper claims may lead to tax demands and penalties. Previous tax matters In June this year, Tata Steel reported receiving a notice from the Office of the Commissioner of CGST & Central Excise, Jamshedpur, over alleged wrongful ITC claims amounting to ₹890.52 crore for FY2018–19 to FY2020–21. On June 19, Tata Steel received another show cause notice regarding a subsidiary Tata Steel Long Products, from the Directorate General of GST Intelligence (DGGI), Jamshedpur. The case involved ITC claimed compensation cess on coal, amounting to ₹161.51 crore, for the period from April 2019 to February 2024. Of this, ₹160.28 crore was already reversed or paid, but the authorities have questioned its validity and proposed a penalty equal to the claimed amount.
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Business Standard
23-06-2025
- Business
- Business Standard
SEZ to DTA clearance of used machinery should be on depreciated value
Despite GST treating intermediary services as domestic supply, other laws like FEMA and FTDR Act recognise them as exports; SEZ units must pay duty on depreciated value TNC Rajagopalan New Delhi Listen to This Article We are getting indenting commissions regularly from our principals abroad in foreign exchange. Under the GST laws, these are intermediate services and according to Section 13(8)(b) of the IGST Act, 2017, the place of supply is the location of the supplier. So, under the GST laws, such services are not treated as export of services. Can supply of such services be treated as export of services under other laws? Yes. The intermediary services are provided by you to a resident in a foreign country. The GST laws apply only for the purpose of taxation. They do not affect how the
Time of India
07-06-2025
- Business
- Time of India
Infosys gets relief as DGGI closes Rs 32,403 crore GST notice
Infosys , India's second-largest IT services firm, has received a closure in the goods and services tax (GST) demand notice for over Rs 30,000 crore. Infosys said it had received communication from the Directorate General of GST Intelligence (DGGI) 'closing' the pre-show cause notice proceedings for the financial years 2018–19 to 2021–22. 'With the receipt of today's communication from DGGI, this matter stands closed, the Bengaluru IT major said in a regulatory filing late evening on Friday. The closure report comes after the Karnataka State GST authorities in July last year had sent a Rs. 32,403 crore notice for non-payment of GST under the reverse-charge mechanism for services imported from its foreign branches during the period spanning July 2017 to March 2022. This amounted to 85% of its revenue for the quarter ended June 30 in FY25. Live Events In July and August 2024, Infosys said it had received and responded to the notice issued by DGGI. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories After the notice, the NR Narayana Murthy-founded company had said it paid all its dues and is in compliance with central and state regulations. In a separate regulatory filing on Friday to the NSE, the company said: 'It may be noted that the Company had received and responded to a pre-show cause notice issued by DGGI for the period July 2017 to March 2022 on the issue of non-payment of IGST under Reverse Charge Mechanism.' "The Company had on 3 August 2024 received a communication from DGGI closing the pre-show cause notice proceedings for the financial year 2017–18,' the company further said in the Friday filing. In the notice last year, the DGGI had stated that as the company creates overseas branches to service clients as part of its agreement with the clients, those branches and the company are each treated as 'distinct persons' under the IGST Act. "Thus, in lieu of receipt of supplies from overseas branch offices, the company has paid consideration to the branch offices in the form of overseas branch expense. Hence M/s Infosys Ltd Bengaluru is liable to pay GST under the reverse charge mechanism on supplies received from branches located outside India,' said the notice sent last year.
