In a significant decision, the Supreme Court of India has stayed GST notices amounting to over ₹1 lakh crore issued to several online gaming firms for alleged tax evasion. The court’s interim relief comes as a major reprieve for the industry, which has been under scrutiny for its taxation
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The Finance Ministry has approached the Supreme Court seeking clarification regarding the issuance of tax notices to online gaming companies. This exclusive development was first reported by CNBC-TV18, highlighting the government’s efforts to resolve ambiguities in the Goods and Services Tax (GST) framework for the growing online gaming sector. Key Issue: Tax