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Top related persons:
Sanjay Malhotra - 3 Malhotra - 3 Narendra Modi - 2 Nikunj Ohri - 2 Nirmala Sitharaman - 1 Savio D'Souza - 1 MPL - 1 Arpan Chaturvedi - 1
Top related locs:
DELHI India Sequoia Capital India
Top related orgs:
Thomson - 3 Goods - 1 Services Tax - 1 India's - 1 Finance Ministry - 1 Tiger - 1 Steadview - 1 NDTV - 1

Search resuls for: "Sanjay Malhotra"


3 mentions found


☆ India tax council to meet on Aug 2 to finalise online gaming tax - source
  + stars: | 2023-07-26 | by ( ) www.reuters.com   time to read: +1 min
NEW DELHI, July 26 (Reuters) - India's Goods and Services Tax (GST) Council will meet on Aug. 2 to decide on a 28% tax on funds that online gaming companies and casinos collect from customers, and finalise other rules, a government official said on Wednesday. The official asked not to be named because he was not authorised to speak to the media. The Finance Ministry and GST Council Secretariat did not immediately respond to a Reuters request for comment. Since the government first announced its plan for the tax on July 11, the gaming industry and its investors have asked it to review the decision, which will increase the tax burden on both companies and consumers. This would be taken into account when a final decision is taken by the GST Council, Malhotra told NDTV.
Persons: Nirmala Sitharaman, Narendra Modi, Sanjay Malhotra, Malhotra, Nikunj Ohri, Savio D'Souza Organizations: Goods, Services Tax, India's, Finance Ministry, Tiger, Steadview, NDTV, Thomson Locations: DELHI
☆ Indian gaming firms say new tax will stifle foreign investment
  + stars: | 2023-07-15 | by ( Aftab Ahmed | ) www.reuters.com   time to read: +2 min
NEW DELHI, July 15 (Reuters) - India's new 28% tax on online gaming companies will stifle foreign investment and put $2.5 billion already invested in the sector at risk, more than 100 gaming firms have said in a letter to India's finance ministry. India this week announced the tax on the funds that online gaming companies collect from their customers. Games such as fantasy cricket have became increasingly popular in recent years, but have also raised concerns about addiction among players. Top investors including Tiger Global and Peak XV, previously known as Sequoia Capital India, have invested in Indian gaming companies such as Dream11 and Mobile Premier League. Many Indian ministers view bets on online gaming platforms as a "social evil", Malhotra had said.
Persons: MPL, Sanjay Malhotra, Malhotra, Arpan Chaturvedi, Aftab Ahmed, Aditya Kalra, David Holmes Organizations: Tiger Global, Sequoia Capital, Mobile Premier League, Federal, Reuters, Indian Premier League cricket, Thomson Locations: DELHI, India, Sequoia Capital India
☆ India finance minister not considering tax waivers for Tesla, senior official says
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: 1 min
NEW DELHI, July 13 (Reuters) - India's finance ministry is not considering any duty waivers for U.S. automaker Tesla Inc (TSLA.O), Revenue Secretary Sanjay Malhotra told Reuters on Thursday. Last month, Tesla CEO Elon Musk said Indian Prime Minister Narendra Modi was pushing the car maker to make a "significant investment" in the country, adding that such an announcement was expected soon. In the past, talks between the U.S. carmaker and the Indian government have involved seeking customs duty waivers for importing its electric vehicles, which was rejected by India. "Any duty waiver for Tesla is not under active consideration of the Department of Revenue, as of now," Malhotra said on Thursday. Reporting by Nikunj Ohri; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Persons: Sanjay Malhotra, Elon Musk, Narendra Modi, Tesla, Malhotra, Nikunj Ohri, Devika Organizations: U.S, Tesla Inc, Indian, carmaker, of Revenue, Thomson Locations: DELHI, India
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