Ashneer Grover on Tax Notice for Online Gaming: Ever since the news came that a pre-show notice of GST demand of Rs 55,000 crore has been sent to online gaming companies, there has been a stir in the online gaming industry. Is. Different reactions are coming from the industry regarding this tax demand notice. Now former Shark Tank judge and BharatPe co-founder Ashneer Grover has given a strong reaction on this. Not only this, he has also asked the Prime Minister’s Office and the Finance Ministry to consider this matter.
Ashneer Grover even said that this tax notice of Rs 55,000 crore will not be helpful in the government’s dream of 5 trillion dollar economy and can prove to be a hindrance. Ashneer Grover said in a post on social media platform "Neither will anyone pay this much tax nor will the government get it. Just another day to trouble businessmen."
Ashneer Grover wrote-
Tax demand of Rs 55,000 crore! I would like to know what would be going through the minds of tax people while sending such notices? There is only one answer to this – nothing. The game of monopoly is going on. Neither will anyone pay this much tax nor will the government get it. Only Supreme Court lawyers will get fees who will challenge it in the court. Just another day of harassing businessmen.
₹55,000 crore GST demand! I am intrigued as to what would be going on in the minds of tax payers when such notices are sent. The only explanation is – kuchh nahi. The game of Monopoly is going on. If no one pays tax then the government will not get it. Get fees only for lawyers who are in SC… pic.twitter.com/BB1b9g3R4E
— Ashneer Grover (@Ashneer_Grover) September 26, 2023
If so much GST was made then were the GST people sleeping for 10 years? Or all the Big 4 accounting people had no idea that they were passing the tax audit of the companies.
This is just called ‘retrospective tax’. Today a notification was issued (as a clarification) that earlier your tax was 28 percent on face value. While Congress imposed Vodafone retrospective tax, BJP imposed gaming retrospective tax. A lot has changed and nothing has changed.
I request the Finance Ministry and the Prime Minister’s Office to look into this matter – this is not going to help our path to a $5 trillion economy.
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