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Tag: GST

India’s online gaming industry surge overtakes filmed entertainment as per latest FICCI-EY report

India's online gaming sector has experienced significant growth, surpassing filmed entertainment to claim the fourth-largest position in the media and entertainment industry, reveals as...

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...

Real money gaming sector re-evaluates ad spending as industry shifts

The gaming industry's evolving structure is set to have an influence on the advertising sector by the conclusion of Fiscal Year 2024 (FY24), with...

Karnataka government eyes legislation to curb online gambling

Home Minister Dr G Parameshwara declared the government's intention to investigate potential legislation aimed at regulating betting activities and curtailing the proliferation of online...

Goa government collects Rs. 820 crore revenue from casinos, no plans to shut down despite controversies

Goa and its casinos have been a combination for several years now, with the capital Panaji situated along the Mandovi River, drawing the attention...

NBA and WNBA extend Dream11 partnership to enrich basketball fantasy gaming in India

The National Basketball Association (NBA) and the Women’s National Basketball Association (WNBA) have announced a significant multiyear extension of their collaboration with the fantasy...

PhonePe ventures into the app market with Indus Appstore amid Google Play policy shift

PhonePe, owned by Walmart, is gearing up to unveil its mobile app store, Indus Appstore, to consumers on February 21, posing a direct challenge...

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...

Nazara Technologies reports Q3 results: net profit surges 47% to Rs 30 Cr

Mumbai-based gaming and sports media company Nazara Technologies has announced robust financial results for the third quarter ended December 31, 2023. The company reported...

GST review assessment for online gaming to be considered after March, states Revenue Secretary Sanjay Malhotra

The GST Council is set to review the 28 percent Goods and Services Tax (GST) on full face value on online gaming only after March 31,...

DGGI probes alleged GST violations by Mahadev Online Book, suspects dues of Rs 30,000 crore

The Directorate General of GST Intelligence (DGGI) has launched an investigation into Mahadev Online Book and its promoters for potential violations of GST rules...

SAG urges Finance Minister to investigate illegal offshore betting and money-laundering by Parimatch

The Society Against Gambling Trust (SAG) has taken an active stance against illegal offshore betting activities, urging Finance Minister Nirmala Sitharaman to initiate a...

BCCI ready to back fantasy apps, says Rajeev Shukla, stressing on talent promotion

The Board of Control for Cricket in India (BCCI) enforced stringent restrictions in June 2023, placing a ban on various brand categories, including cryptocurrency,...

66 arrested in Bangalore Turf Club raids for illegal betting and GST fraud

In a major crackdown, the Central Crime Branch (CCB) of Bengaluru City Police arrested 66 individuals in a raid conducted on Friday at the...

Dream11 onboards 55 million users in 2023 amidst tax challenges

In the face of regulatory challenges and a new tax regime impacting India's real-money gaming companies, Dream11, a prominent fantasy gaming platform, has reported...

Online gaming industry needs enhanced GST regulations – former CBIC chief

In a recent interaction with, The  New Indian Express, John Joseph, former chairman of CBIC and current Strategic Adviser at DeepStrat, provided key insights...