Tighter norms in works for offshore e-gaming platforms: Revenue dept

Registration may be mandated; declare purpose of transactions with banks

The Department of Revenue is planning to have a separate mechanism to track offshore e-gaming platforms and bring them within the ambit of the goods and services tax (GST). The mechanism in the works will ensure tighter declaration by Indian residents while making payments to these offshore applications (apps) and platforms via banking channels.

The department may also make it mandatory for foreign offshore entities to get GST registration within a specific period for tax purposes. Failing to comply would result in blocking their access to India and legal discourse for tax recovery, a senior bureaucrat told Business Standard.

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