DGGI issues show cause notice to Gameskraft Technology
By MYBRANDBOOK
The Directorate General of GST Intelligence (DGGI) has issued the biggest show cause notice to a Bengaluru-based online gaming company, Gameskraft Technology Private Ltd., for the period between 2017 to June 30, 2022.
The company has been accused of not paying GST of Rs 21,000 crore. Gameskraft Technology was accused of promoting online betting through card, casual and fantasy games like Rummy Culture, Gamezy, Rummy Time, etc and the DGGI has imposed a 28 percent tax on betting amounts of nearly Rs 77,000 crore.
During the investigation, DGGI found out that Gameskraft was not issuing any invoices to its customers and submitted fake/back-date invoices, which were caught by forensic examination. Also, the DGGI said the company was inducing its customers to bet as there was no way of return once money was added to the wallet.
Gameskraft’s spokesperson said, “As a responsible start-up with Unicorn status in the online skill gaming sector, we have discharged our GST and Income Tax liabilities as per standard industry practice, which is now over a decade old. We are confident that we will be able to respond to this notice to the full satisfaction of the authorities since they have sought to apply 28% tax applicable to games of chance and lottery, instead of the 18% applicable to online platforms of games of skill.”
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