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Tag: GST

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

Kerala: Ordinance for 28% GST on online gaming before cabinet, to be approved soon

Kerala state government is set to bring out an ordinance to align with the Central GST framework for online real money gaming, casinos and...
GST on Online Gaming

52nd GST Council meeting: Tax demand notices to online gaming firms not on retrospective basis, govt clarifies

The 52nd GST Council meeting concluded today with no major discussion or decision on online gaming, casinos and horse racing being taken. Speaking on the...
GST on Online Gaming

GST Council to informally discuss 28% tax on online gaming, casinos, horse racing in today’s meet

The 52nd GST Council meeting is expected to see members deliberate informally on the current GST law amendment situation in various states with respect...
GST on Online Gaming

Delhi FM Atishi Marlena bats for online gaming firms, to seek withdrawal of tax notices in today’s meet

Addressing a press conference right before the GST Council meeting today, Delhi finance minister and AAP MLA Atishi Marlena talked about how online gaming...
GST on Online Gaming

3 Supreme Court cases will decide the fate of the RMG industry

The online real money gaming industry has been in a state of turmoil with the recent changes recommended by the Goods and Services Tax...
GST on Online Gaming

FIFS urges Govt not to impose 28% GST on online gaming retrospectively

The industry body for fantasy sports, Federation of Indian Fantasy Sports (FIFS), has requested the government not to impose 28% GST on the online...
Fantasy Sports

Karnataka GST authorities write to 161 online gaming firms asking them to comply with new rate

Within a week of notifying an ordinance to implement 28% GST on online gaming, casinos, horse racing, Karnataka GST authorities have written to 161...
GST on Online Gaming

Recruiters flooded with CVs after GST-affected layoffs in online gaming companies

The new GST regime for online gaming, casinos and horse racing starts Sunday, October 1 and the effects are now apparent as online gaming...
Gaming

Centre notifies rules to implement 28% GST on online gaming from October 1

The decision to implement 28% GST on full face value of initial deposits on online gaming, casinos and horse racing was taken at the...
GST on Online Gaming

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

Ahead of the planned implementation of the new 28% GST regime for online gaming, casinos and horse racing from October 1, Karnataka government on...
GST on Online Gaming

MeitY puts SRB formation on hold, seeks ‘harmonisation’ of views among ministries

The Ministry of Electronics and Information Technology (MeitY) is learnt to have put on hold plans to form Self Regulatory Bodies (SRBs) due to...
Online Gaming Laws

28% GST on online gaming, casinos, horse racing likely to be reviewed in next fiscal year

The delay in bringing about amendments to the various states' GST laws and its subsequent implementation is likely to shift the review of the...
GST on Online Gaming

Nazara Technologies slapped with Rs 2.83 crore tax notice by DGGI

Gaming and sports media company Nazara Technologies has become the latest online gaming firm to receive a show cause notice from the GST authorities...
Gaming

Goa: State govt notifies 28% GST, but not hopeful of collecting Rs 1000 crore in tax revenue this fiscal

Goa state government has seemingly given up on Rs 1,000 crore of potential tax revenue meant to be collected in the form of GST...
GST on Online Gaming

Tech and gaming lawyer Jay Sayta on GST notices to RMG companies, 28% tax rate implementation

In a recent interview with ET NOW, technology and gaming lawyer Jay Sayta talked about the ongoing tax notice spree by the Directorate General...
GST on Online Gaming
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