Africa-Press – Mauritius. The Directorate General of GST Intelligence (DGGI) has cracked down on Cyprus, Mauritius and Cayman Islands-based entities offering online gambling and betting, some of them said to be posing as fantasy game platforms.
These companies are not registered in India and, initial scrutiny suggests, were helping many high-net-worth individuals (HNIs), including some celebrities, and social media influencers, launder money abroad, said people aware of the development.
Tax officials have identified 38 such portals offering services in India that have not paid any goods and services tax (GST). Initial estimates put the tax evasion at ₹12,000 crore from April 2019 to November 2022.
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