Online gaming companies await clarity as recurrence taxation worries rise. As they await full notice from the GST Council’s legislation committee, which has imposed a 28% goods and services tax on the business, online gaming firms are concerned that possible recurrent taxation might be a death blow. According to industry experts, this may result in a 50-60% indirect tax burden on gamers since most of them utilize their winnings to play another game, which would […]

Understanding Form 10BE: Authentication of Philanthropy for Tax Deduction In the realm of Indian taxation, Form 10BE has become a prominent topic for its pivotal role in substantiating the authenticity of contributions made to various not-for-profit entities. This form assumes great significance for those who engage in charitable giving and aim to benefit from deductions available under Section 80G of the Income Tax Act, 1961. Let’s delve deeper to understand the intricacies of Form 10BE […]

GST Audit Checklist: Ensuring Compliance and Mitigating Risks Introduction In today’s dynamic business landscape, where the GST regime undergoes constant changes and digitalization of compliances is on the rise, it is crucial for businesses to have a comprehensive strategy to ensure compliance with indirect tax laws and mitigate potential risks. In this article, we will explore the concept of GST due diligence and its importance in assessing the impact of GST on a company’s operations. […]