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Tag: GST

Karnataka govt appears divided over 28% GST on online gaming industry

Karnataka's revenue minister, Krishna Byre Gowda, represents the state in the GST Council. Recently, he spoke in support of the Council's decision to levy...

MeitY and Finance Ministry differ over 28% GST rate on online gaming, Chandrasekhar refutes claims

With allegedly different opinions on how the online real money gaming sector should be taxed, the Finance Ministry and the Ministry of Electronics and...

28% GST is eminently justified, lower tax will incentivize ‘betting’: Karnataka Revenue Minister

Krishna Byre Gowda, Karnataka revenue minister and member of the GST Council, said that the 28% GST rate on online gaming is "eminently justified"....

Rajeev Chandrasekhar explains plan to approach council’s decision for GST on online gaming

Minister of State (MoS) for Electronics and Information Technology, Rajeev Chandrasekhar, recently spoke about the recent changes in the GST rates on online gaming,...

Gamer criticises GST Council’s decision in open letter to revenue secy, asks if they are ‘addicts’

A gamer named Deep Patel has criticized the recent decision taken by the GST Council to levy 28% tax on full face value on...

Online gaming company investors planning to request govt to reconsider 28% GST rate

After the efforts of online gaming companies, some of their large investors are planning to write to the government to share their concerns regarding...

Rajeev Chandrasekhar clarifies his request to GST Council to reconsider decision on online gaming

Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has clarified that any form of suggestion to the GST Council regarding reconsideration of...

May request GST Council to reconsider 28% online gaming tax: Rajeev Chandrasekhar

In a recent interview today, Minister of State for Electronics & Information Technology Rajeev Chandrasekhar stated that he might request the GST Council to...

CAIT’s Praveen Khandelwal writes concerns regarding new GST on online gaming

Secretary General of Confederation of All India Traders (CAIT), Praveen Khandelwal, has addressed a letter to the Prime Minister on behalf of CAIT listing...

28% GST on online gaming to severely impact fintech and regulatory tech industries’ revenues

While the 28% GST rate on full face value amount has dealt a heavy blow to the online real-money gaming industry the knock-on effect...

28% GST: Online real-money gaming companies seek meeting with govt officials

In a last-ditch effort to stop the implementation of 28% GST rate on full face value amount for online games, executives from top real...

28% GST: Online gaming companies await more clarity before taking next steps

Online gaming firms are now waiting for clarity on how the 28% tax rate at full face value, announced by the GST Council on...

Reports: Dream11 expects 80% drop in operating profit for FY24 after GST Council’s decision

The most prominent fantasy gaming platform Dream11 is likely to slash its operating profit target by 80% if a report by The Arc is...

‘This would make online gaming financially burdensome’ — Gamers voice concerns over 28% GST

A group of players from the skill gaming industry on Friday urged the government to reconsider its approach to GST on online gaming. The...

Goa: Congress alleges state govt works for welfare of casinos, not people

The Goa Pradesh Congress Committee (GPCC) General Secretary Vijay Bhike commented on the statement made by Industries Minister Mauvin Godinho relating to the GST...

Rajeev Chandrasekhar backs GST Council’s decision to levy 28% tax on online real money gaming

Rajeev Chandrasekhar, Minister of State for MeitY, supported the GST Council's decision on online gaming, calling it a “well-thought-out preliminary measure.” It is to...