GST | Page 3 of 11

Online real money gaming firms on govt’s radar for money laundering, tax evasion possibilities

A detailed examination of money flow to and from online real money gaming firms was recently conducted by top government authorities such as the...

GST on Online Gaming November 8, 2023

Allahabad HC issues notice in petition against 28% GST on deposits

A writ petition filed by online gaming company Kamal Mishra and Associates Private Limited challenging the validity of the Central Goods and Service Tax...

GST on Online Gaming November 3, 2023

Lumikai revises revenue projection for online gaming industry amidst GST-related developments

Gaming and interactive media venture fund Lumikai has revised the estimated revenue of the Indian online gaming market for FY28 owing to the recent...

Gaming November 2, 2023

Illegal offshore betting companies promote with “No GST” claims again

While the real money gaming (RMG) sector in India grapples with the cumulative Rs 1.5 lakh crore tax demand notices handed by the Directorate...

GST on Online Gaming October 31, 2023

Is a rift between 2 top govt officials the reason for the online gaming GST mess?

The continued chaos over both the retrospective dues of over Rs. 1.5 lakh crore Goods and Services Tax (GST) from the online gaming, casinos...

GST on Online Gaming October 28, 2023

Finance Secretary informally informed some gaming companies not to challenge prospective levy of GST to make retrospective notices go away: Harish Salve in Bombay...

Senior Advocate Harish Salve while appearing before the Goa bench of the Bombay High Court for listed casino and gaming company Delta Corp Limited...

GST on Online Gaming October 23, 2023

DGGI lawyer says will not take any coercive action against Delta Corp in GST matter, Bombay HC lists matter for final hearing in February...

A division bench of the Bombay High Court (Goa Bench) comprising Justices MS Sonak and Bharat P. Deshpande heard writ petitions filed by casino...

GST on Online Gaming October 23, 2023

Exclusive: Sikkim HC asks DGGI to not take any further action in Delta Corp’s Rs. 628 crore GST showcause notice

A single judge bench of the Sikkim High Court comprising of Justice Bhaskar Raj Pradhan on 20th October issued notice on the interim application...

GST on Online Gaming October 21, 2023

Dream11 creates new milestone, becomes first online gaming company to reach 20 crore registered users

Online fantasy sports platform Dream11 on October 19 reached the milestone of 200 million registered users. Harsh Jain, CEO of parent company Dream Sports,...

Fantasy Sports October 20, 2023

Indian tax authorities losing over Rs 3.9 lakh crore annually due to illegal offshore betting platforms: Report

Indian tax authorities are missing out on over Rs 3.9 lakh crore in tax collection (GST and TDS) annually from illegal betting and gambling...

Gaming October 19, 2023

Tax claims are arbitrary, vague, contrary to law and highly defendable: Delta Corp CFO Anil Malani

In a recent interview, Delta Corp CFO, Anil Malani talked about the recent changes to the GST regime, tax notices handed to the company...

Gaming October 17, 2023

Uttar Pradesh notifies ordinance to implement 28% GST on online gaming, casinos, horse racing

The Uttar Pradesh state government notified an ordinance dated September 30 to implement the new 28% GST rate on online gaming, casinos and horse...

GST on Online Gaming October 12, 2023

Opposed to retrospective GST levy on online gaming firms, not on casinos: AAP leader Valmiki Naik

The Goa unit of the Aam Aadmi Party (AAP) clarified that it is against 28% GST levy on online skill-based gaming only and not...

GST on Online Gaming October 12, 2023

Karnataka IT minister criticizes Centre for sending retrospective tax demand notices to online gaming firms

Karnataka IT minister Priyank Kharge criticized the Centre for sending GST demand notices to online gaming firms with retrospective effect. After the announcement on...

GST on Online Gaming October 12, 2023

I-T dept collects Rs 600 crore in TDS from online gaming companies in H1FY24

The Central Board of Direct Taxes (CBDT) chairperson Nitin Gupta on Tuesday revealed that the IT department has collected Rs 600 crore in TDS...

GST on Online Gaming October 11, 2023

GST-impacted online gaming sector sees 77% decrease in investments: Tracxn report

The overall investments across the entire gaming sector in India saw a dip of over 77% in 2023. As per Tracxn's report, the investments...

Gaming October 10, 2023

Tag: GST