As per DGGI’s annual report for FY24, the online gaming space was most prone to tax evasion during the fiscal under review, followed by the BFSI sector
Overall, DGGI detected 6,084 cases involving an amount of INR 2.01 Lakh Cr worth of GST evasion in FY24, up from 4,872 cases involving INR 1.01 Lakh Cr in FY23. Notably
Last year, multiple online gaming companies received GST notices to cough up INR 1.12 Lakh Cr in pending taxes following the GST Council’s move to impose a 28% GST on such platforms
The Directorate General of Goods and Services Tax Intelligence (DGGI) reportedly detected tax evasion to the tune of INR 81,875 Cr (involving 78 cases) in the Indian online gaming sector in the fiscal year 2023-24 (FY24).
As per the DGGI’s annual report for FY24, seen by news agency PTI, the online gaming space was most prone to tax evasion during the fiscal under review, followed by banking, financial services, and insurance (BFSI) sector with 171 cases involving tax evasion worth INR 18,961 Cr.