Tag: 28% GST on online gaming

Online gaming sector in India hit hard by GST hike: over half of enterprises report revenue decline

The online gaming sector in India has shown signs of strain following the imposition of a 28% goods and services tax (GST) on total...

GST Council unlikely to change prospective tax rate for online gaming industry

As the government announces the meeting of the GST Council, sources suggest that online gaming companies are unlikely to see any relief. Despite continuous...

Fitment Committee likely to propose to GST Council an amendment to relieve online gaming industry from retrospective tax demands

The union Finance Ministry has proposed an amendment to the Central Goods and Services Tax (CGST) Act, 2017. This proposal, which introduces a new...

SOGI advocates for fair taxation to support Indian gaming industry’s growth

The Indian online gaming industry, valued at $3.5 billion, has called on the government to reconsider the 28 percent Goods and Services Tax (GST)...

GST council unlikely to reverse 28% tax on online gaming; Relief on retrospective tax claims under consideration

The GST Council is unlikely to reverse the 28% goods and services tax (GST) on the online gaming industry, despite concerns from industry stakeholders....

Govt to consider some relief for money gaming industry from retrospective GST claims

The government is likely to consider some form of relief to the money gaming industry from the retrospective tax claims according to an official,...

Online gaming industry grapples with 28% GST impact

Since the government introduced a 28% Goods and Services Tax (GST) on online gaming bets over six months ago, the industry has been facing...

Government official: No relief expected as GST revenue from online gaming surges five times

Online gaming companies are facing big money problems. They're getting surprise tax bills from the past, and they're worried about the new Goods and...

Online gaming industry to make fresh representation to the govt for GST reduction after polls

As the Indian online gaming industry continues to grow, stakeholders are gearing up to address a challenge post-general elections: the burden of Goods and...

GST authorities to block 60 offshore online gaming platforms to MeitY

The Goods and Services Tax (GST) authorities have advised the Information Technology Ministry to block 60 offshore online gaming platforms in an attempt to...

Online gaming tax review unlikely to be taken up by GST Council until SC clarity on retrospective dues

After the conclusion of the 51st GST Council meeting in August last year, all eyes were on the anticipated review of the 28% GST...

Review of 28% GST on online gaming postponed until after general elections

The review of the 28% Goods and Services Tax (GST) on online gaming has been deferred until after the conclusion of the general elections,...

RMG companies evolve new strategy to reduce 28% GST impact

Online gaming companies, specializing in platforms like poker, rummy, and fantasy sports, are implementing strategies amidst the evolving landscape of taxation. In response to...

Potential relief for online gaming industry as government mulls over GST demands

According to sources, the Union government is considering softening its stance on the goods and services tax (GST) demand notices issued to online gaming...

Govt plans to file a plea seeking the transfer of all GST-related online gaming cases to the Supreme Court

The Union government has made a significant move in the ongoing dispute over the retrospective imposition of Goods and Services Tax (GST) on online...

Supreme Court to review challenges against retroactive 28% GST on online gaming companies

The Supreme Court has taken notice of the petitions filed by Head Digital Works and Games 24/7, two prominent online gaming companies. These pleas...