SOGI calls for 28% GST on platform fee & not deposits for gaming companies
Fri, Dec 20, 2024 4:24 PM

SOGI calls for 28% GST on platform fee & not deposits for gaming companies

A Flip by Avya Verma
Get it on Google Play
Real money gaming firms-backed Skill Online Games Institute (SOGI) has demanded that the government levy 28 per cent GST on platform fees instead of on deposits for gaming companies in India, to prevent offshore platforms from taking advantage of significant tax arbitrage. The demand comes ahead of the 55th meeting of the GST Council in Jaisalmer, Rajasthan, on Saturday.

More great flips

Aadhar Housing Finance sets price band at Rs 300-315 per share for its IPO

Aadhar Housing Finance sets price band at Rs 300-315 per share for its IPO

Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, on Thursday said it has fixed a price band of Rs 300 to Rs 315 a share for its Rs 3,000-crore initial public offering. The initial share sale will be open for public subscription during May 8-10 and the bidding for anchor investors will open for a day on May 7, the company said.

Open Flip
📢 Benchmark indices open on a positive note today; Nifty above 23,700

📢 Benchmark indices open on a positive note today; Nifty above 23,700

📊 Amid positive global cues, benchmark indices started on a positive note today. 📢 At 9:16 AM, the Sensex gained 609.01 points or 0.78% at 78,650.60. Nifty is higher by 194.40 points or 0.82% at 23,781.90. 📈 One97 Communications (⬆️1.71%), Aurobindo Pharma (⬆️1.65%) and Jindal Steel (⬆️1.51%) appeared as the top performers on the Nifty50 at the open.

Open Flip
Vaishali Parekh recommends stocks to buy today — December 23, 2024

Vaishali Parekh recommends stocks to buy today — December 23, 2024

Buy or sell stocks by Vaishali Parekh 📌Data Patterns India Ltd. (DATAPATTNS): Buy at ₹2,567.75; Target at ₹2,690; Stop Loss at ₹2,500. 📌KEC International Ltd. (KEC): Buy at ₹1,236.70; Target at ₹1,290; Stop Loss at ₹1,210. 📌Titagarh Rail Systems Ltd. (TITAGARH): Buy at ₹1,310.55; Target at 1,367; Stop Loss at ₹1,280.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon