SC stays Karnataka HC decision quashing Rs 21,000 crore GST notice to online gaming platform
GST on online gaming:Ā A bench led by Chief Justice of India D.Y. Chandrachud and Justices comprising Justices J.B. Pardiwala and Manoj Misra issued the notice on the special leave petition filed by the Directorate General of Goods and Services Tax Intelligence and listed the matter for hearing after three weeks.
)
01:29 PM IST
GST on online gaming: The Supreme Court on Wednesday stayed the judgment rendered by the Karnataka High Court which had quashed the show cause notice issued by the GST department demanding approximately Rs 21,000 crore from the online platform 'Gameskraft' holding that rummy is a 'game of skill'.
A bench led by Chief Justice of India D.Y. Chandrachud and Justices comprising Justices J.B. Pardiwala and Manoj Misra issued the notice on the special leave petition filed by the Directorate General of Goods and Services Tax Intelligence and listed the matter for hearing after three weeks.
Also Read:Ā Xi, Putin missing G20 summit not unusual, S Jaishankar says
āWe do not want High Courts across India to rely on this judgment (of the Karnataka High Court),ā remarked the top court, while staying the impugned judgment of the Karnataka High Court passed in May 11 this year.
Catch latestĀ stock market updatesĀ here. For all other news related to business, politics, tech, sports and auto, visitĀ Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
Rs 13 Lakh Lump Sum Investment in Mutual Funds: How many years will it take to create a Rs 1 crore, Rs 2 crore & Rs 3 crore corpus?
)
SIP Calculation: Rs 20,000/month investment, how quickly can you generate Rs 7 crore corpus? See calculations
)
8th CPC Revised Salary Estimates: Which central govt employees may see their basic pay jump to Rs 3 lakh- Rs 6.43 lakh at 2.08, 2.28 and 2.57 fitment factors
)
Power of Rs 16,000 SIP: How many years will it take to generate Rs 5,00,00,000 corpus with just Rs 16,000 monthly investment?
)
EPS Pension Calculation: Rs 94,000, basic salary, 18, 25, and 32 years of service, find out your monthly pension
)
SBI vs Canara Bank 10-year FD For Senior Citizens: Compare maturity of Rs 3.5 lakh- Rs 6.5 lakh deposits in both PSU banks
)
Power of Rs 1,50,000 PPF Investment: How many years will it take to generate over Rs 1 lakh/month tax-free income from Public Provident Fund?
01:29 PM IST