The Hon’ble Supreme Court in the Gameskraft judgment delivered earlier this week has upheld the constitutional validity of charging GST on face value of bets for casinos and online gaming platforms.
However, it has directed the authorities to calculate the liability retrospectively based on the new rules introduced in 2023 that seeks to tax every deposit made in online gaming platform & purchase of chips in a casino, without taxing further winnings deployed by players for playing further games in a casino or online gaming platform.
This principle of computation will substantially reduce the potential tax liability of online gaming & casino platforms compared to the claims made by the tax dept in the Showcause Notices (SCNs). However, for online gaming companies, this new computation may also result in thousands of crores of cumulative potential liability, which would be unmanageable as most companies in any case do not have any major source of revenue since the central govt banned all online money games in August 2025.
For casinos, the substantially reduced potential liability might be something that can be absorbed. Ultimately however, the potential liability & possibility of paying it depends on the facts & circumstances of each SCN & the current fiscal health of each company.
I think reneet should be done only for those getting above 600 coz others have not achieved eligibility marks then it will be only for less than 2 lakh students
Today's Supreme Court verdict on the abrogation of Article 370 is historic and constitutionally upholds the decision taken by the Parliament of India on 5th August 2019; it is a resounding declaration of hope, progress and unity for our sisters and brothers in Jammu, Kashmir and Ladakh. The Court, in its profound wisdom, has fortified the very essence of unity that we, as Indians, hold dear and cherish above all else.
I want to assure the resilient people of Jammu, Kashmir and Ladakh that our commitment to fulfilling your dreams remains unwavering. We are determined to ensure that the fruits of progress not only reach you but also extend their benefits to the most vulnerable and marginalised sections of our society who suffered due to Article 370.
The verdict today is not just a legal judgment; it is a beacon of hope, a promise of a brighter future and a testament to our collective resolve to build a stronger, more united India. #NayaJammuKashmir
@Sumitchauhaan आज के समाज में लोगों में छुआछूत नहीं है।चाट पकौड़ी खाने वाले चाटवाले से उसकी जात नहीं पूछते।हां,आरक्षण ने जात-पात को जरूर जीवित कर रखा है।आरक्षण जात पात पर नहीं आर्थिक आधार पर हो तभी जातपात पर लोगों का ध्यान नहीं जायेगा।Dr.के पास जाने से पहले लोग देखते है कि कोटे वाला तो नहीं है।
4 days ago, a minor Madrasa student Shayan claimed that he was attacked by unidentified men wearing saffron threads & tilak. They also tore his clothes in Mangalore.
Now, after CCTV footage, it's revealed that boy himself tore his clothes with a pen to show that he was attacked.
CGST Gurugram issued a “bizarre” summons dated 17.05.2022 (see pic) later arrest CAs – Strange, (i) generated at 2022-05-17 20:22:15.0, call to be present at 8.30p.m. same day (within 8 minutes). Can the officer respond to how it is served? 1/5
The protest should not stop until @cbic_india comes with a clarification that any CA can't be arrested or even made party due to the following
1) Issuance of any GST cert.
2) Filing of GST returns
3) Representing his clients before any GST authority
RT if agree
#JusticeforCA
@khanumarfa This is how they do Muharram processions in front of Hindu temples. Listen to the song they are playing: ..jo bhi aayaa saamney, usko hum chirenge aur phaadenge, islam ka jhandaa gaadenge..
https://t.co/ns0Gdvctpt
@AAI_Official@goairtravels@GoFirstairways
Its very painful experience for waiting for wheelchair for hours despite of advance booking for the same. Flight noG82620 we are still waiting for the same. 2 wheelchairs required immediately