Govt Probes 642 Offshore 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