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Tag: real money gaming

GST intelligence’s tax demand from RMG Cos breaches Rs 50,000 crore-mark

Directorate General of GST Intelligence (DGGI) sent notices to three real-money gaming companies for GST dues. With these notices, the amount for alleged tax...

Slew of GST notices worry Centre about sustainability of online real money gaming industry

With the number of GST show cause notices being issued to online real money gaming firms, some officials in the Finance Ministry are now...

Gujarat Assembly to discuss & pass GST Amendment Bills pertaining to online real money gaming & casinos later this week

Gujarat's Legislative Assembly will begin its monsoon session on Wednesday, September 13. During the 3-day session, the Assembly will discuss and pass GST Amendment...

Goa approves GST ordinance to levy 28% tax on online gaming, casinos and horse racing

While Karnataka has delayed approving the draft ordinance for levying 28% GST on online gaming, the Goa state cabinet has approved their GST ordinance...

Karnataka cabinet delays draft ordinance for levying 28% GST on online gaming

In its cabinet meeting on September 7, the Karnataka government postponed the approval of a draft ordinance to impose the new 28% GST rate...

Online gaming industry reacts to Supreme Court staying Karnataka HC decision in Gameskraft GST matter

On Wednesday, September 6 the Supreme Court stayed the decision of the Karnataka High Court quashing the GST show-cause notice issued to Gameskraft for...

Real money games to be allowed on Play Store after SRB formation as Google’s pilot plan nears end

Google Play Store's pilot programme is set to end soon. As a result, daily fantasy sports and rummy apps under real-money gaming category will...

CrickPe 2.0? Ashneer Grover’s startup unveils new model ahead of Asia Cup

Ashneer Grover's fantasy sports platform CrickPe has now introduced new paid subscriptions through CrickPe Pro. The interesting feature about CrickPe Pro subscription is that...

Karnataka: IT minister Priyank Kharge demands Govt’s engagement with gaming industry

Karnataka's IT minister Priyank Kharge has called out GST Council’s decision to impose 28% GST on online gaming. Kharge believes that the new GST...

RMG startup Fantok halts operations countywide amid unmanageable GST burdens

Online real money-based gaming platform Fantok has halted its operations across India. This comes after the government’s decision to keep the GST rate of...

Crypto gaming platform One World Nation temporarily halts India operations

Online crypto gaming startup One World Nation (OWN) has announced a temporary halt to its services in India following the recent decision of the...

Real money gaming platforms could face Rs 45,000 crore retrospective tax demand

The Directorate General of GST Intelligence (DGGI), based on Central Board of Indirect Taxes and Customs (CBIC) assessment, is now planning to recover Rs...

Bengaluru: Woman loses over Rs 4 lakh in online ludo, leaves home with kids

A 26-year-old woman from Bengaluru reportedly lost over Rs 4 lakh playing online ludo after which she left her home along with her kids...

[Exclusive] Cards52 secures $1.2 million funding amid challenging times for RMG startups

Cards52, an upcoming real money gaming (RMG) platform, has raised a pre-seed round funding from a US-based angel investor. This funding comes amid challenging...

Sachin Tendulkar gets slammed by Maharashtra politician Bachchu Kadu for featuring in online gaming ad

Maharashtra's Prahar Janshakti Party leader Bachchu Kadu recently came forward to criticise former cricketer and Bharat Ratna Sachin Tendulkar. His criticism towards the cricketing...

RMG cos face heat amid 28% GST burden

Central Govt's decision to implement a 28% GST on online gaming has proved to be a big blow for the RMG (real money gaming)...