India is waging a legal battle against online gaming company Gameskraft that, if successful, could effectively determine retrospective application of the 28% goods and services tax such companies must pay.
Revenue Secretary Sanjay Malhotra said earlier this week that the government has filed a petition in the Supreme Court to challenge a state high court ruling that had quashed India’s tax demand based on the 28% tax rate calculation.
“The Supreme Court’s pronouncement will decide the liabilities for the past period,” said Payal Thaker, partner, indirect tax services at BDO India LLP.
If the court rules in favor of ...
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