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GST on Online Gaming

GST law doesn’t differentiate between games of skill and chance, all games are taxed at 28%: Finance Ministry

The Union Ministry of Finance today said that actionable claims arising from betting and gambling including those arising from online gaming are liable to...

Online games where winning depends on certain outcome will attract 28% GST: CBIC Chairman Vivek Johri

The chairman of the Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri stated that online games where winning depends on a specific...

GST Council postpones discussion on GoM report on taxing online games, casinos

The much awaited decision on taxation aspects of online gaming, casinos, and horse racing has been postponed by the GST Council, the apex decision...

Group of Ministers on online gaming, casinos submits report to Nirmala Sitharaman

The Group of Ministers (GoM) submitted a final report on taxation on online gaming and casinos to India’s finance minister Nirmala Sitharaman on Thursday...

GST on Contest Entry Amount for Online Gaming not in Line with the International Best Practices: LKS law firm

Ahead of the GST council meeting on December 17th, Lakshmikumaran & Sridharan (LKS), an Indian law firm specializing in taxation, in a detailed whitepaper,...

Exclusive: Proposal to impose GST on contest entry fees for online gaming to cost revenue loss of over Rs. 10,000 crore

The 48th Goods and Services Tax (GST) Council meeting to be held by video-conferencing on 17th December may discuss changes in the valuation mechanism...

GST evasion of Rs. 22963 Cr by gaming companies being investigated, reveals Finance Minister in Parliament

According to Minister of State for Finance Pankaj Chaudhary, tax investigators are looking into GST evasion by gaming enterprises that totaled nearly Rs 23,000...

Online Gaming Industry favours 28% GST on gross gaming revenue, not on entry amount

The government's decision to increase the GST on online gaming from 18% to 28% is acceptable to the online skill-based gaming industry, but people...

GST GoM: No consensus on taxation of online gaming, casinos likely before December 17

The report of Group of Ministers (GoM) on online gaming, casinos, and horse racing is unlikely to be discussed in the upcoming GST Council...

Will the GST Council decide taxation on online gaming by voting of all states?

The GST Council will next meet on December 17, 2022, in a virtual format. This will be the 48th meeting of the Apex decision...

Tax department working to curb income tax evasion by offshore gaming websites: Tarun Bajaj, Revenue Secretary

Revenue secretary Tarun Bajaj has said that teams are working on curbing tax evasion through online gaming especially the offshore gaming websites. In an...

17th December might be D-Day for gaming industry, GST Council to decide on industry’s fate

After months of dithering, the central government has finally convened the 48th meeting of the GST Council on 17th December, 2022. The meeting to...

GST GoM on online gaming, casinos, and racecourses to submit report next week

The Group of Ministers (GoM) constituted to examine GST levy issues on casinos, online gaming and horse racing will submit its report to the...

GoM GST to finalise 28% tax on online gaming, casinos, and horse racing: Report

The group of ministers (GoM) constituted to examine GST rates in casinos, race courses and online gaming on Tuesday decided to stick to its...

GoM panel may recommend 28% GST on online gaming; tweak in calculation method

Regardless of whether an online game is a skill game or a game of chance, the panel of state finance ministers is expected to...

Reports: GoM likely to retain 28% GST rate on online gaming

According to sources who spoke with Financial Express, a group of ministers (GoM) on racetracks, casinos, and online gambling will probably maintain the stand...

GST Law Committee asks for crystal clear definition of ‘Game of Chance’ and ‘Game of Skill’ for taxation

With so many frauds and an increase in the number of victims of online gaming for a long time, the Goods and Services Tax...

Experts to decide game of chance or skill: Karnataka HC to tax dept on Gameskraft GST notice

The Karnataka High Court Thursday heard the arguments in the plea filed by online rummy and rmg operator Gameskraft against the GST notice of...

EGF files intervention application in Gameskraft GST case before Karnataka High Court

E-Gaming Federation, a not-for-profit gaming body has filed an intervention application in the pending case filed by GamesKraft before the Karnataka High Court. The...

Tax on casinos and online gaming to be discussed in upcoming GST Council meeting

According to an official, a GST Council meeting is likely to be held in the first half of November to discuss the reports concluded...