CosmicTaco

Govt Probes 642 Offshore Gambling Platforms for Tax Evasion

CosmicTaco · 2024-12-17T09:52:06.034886+05:30

- The government is investigating 642 offshore online gaming and gambling entities for potential tax evasion, as stated by MoS Pankaj Chaudhary. - The Ministry of Electronics and IT (MeitY) has been asked to block non-cooperative and non-responsive entities identified during the probe. - The All India Gaming Federation reported that illegal offshore betting platforms cost the exchequer $2.5 billion in GST revenue annually. Source: [Inc42](https://inc42.com/buzz/govt-probing-642-overseas-gaming-gambling-platforms-for-tax-evasion/)

The government is investigating 642 offshore online gaming and gambling entities for potential tax evasion, as stated by MoS Pankaj Chaudhary.
The Ministry of Electronics and IT (MeitY) has been asked to block non-cooperative and non-responsive entities identified during the probe.
The All India Gaming Federation reported that illegal offshore betting platforms cost the exchequer $2.5 billion in GST revenue annually.

Source: Inc42

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