Page 43 of Gaming

GST in gaming, GST on gaming, gst on online gaming in india, gst on gaming revenue, gst online gaming

GST on Online Gaming: GoM to tax casinos, gaming and horse racing separately

The Group of Ministers will seek legal opinion on the applicable rate and valuation base to be considered for levying…

September 6, 2022 10:00 IST

The Singapore-based company is also shuttering several of its experimental ventures at its R&D unit Sea Labs, the people said.

Garena’s parent Sea Ltd cuts job in gaming division

Southeast Asia’s largest tech firm is planning to reduce headcount in its most profitable division Garena and in new ventures…

September 2, 2022 11:09 IST

The Competition and Markets Authority said Thursday it was concerned about a substantial lessening of competition in the gaming consoles, multi-game subscription services and cloud gaming markets.

Microsoft-Activision deal faces in-depth UK antitrust probe

The combination with Activision — which owns some of the most popular franchises including Call of Duty, World of Warcraft…

September 2, 2022 09:18 IST

The program comes with a job guarantee as all enrollees will be offered an internship with NODWIN Gaming

Hero Vired partners with NODWIN Gaming to launch a certificate program in gaming and Esports

As per the company, the program aims to be instructor-led and will emphasise practical components such as integrated mini-projects, hands-on…

September 1, 2022 14:24 IST

WildWorks describes its Animal Jam game as an online playground for kids who love animals and the natural world.

Nazara acquires WildWorks kids IP ‘Animal Jam’ to boost its gamified learning segment

Wildworks’ mobile apps claimed to have attracted over 150 million players, and as a result of the deal, WildWorks is…

August 30, 2022 13:16 IST

Internationally, the gaming industry pays anywhere between 10-20% as tax to the government, depending on the country’s taxation policy.

The GST Conundrum in Gaming Industry: How the 28% tax on contest fee will end the gaming industry’s growth

As per industry estimates, there are over 800 gaming companies in India and post this taxation policy, very few will…

Updated: August 30, 2022 14:51 IST

Chemin Esports to get the benefit of leading Western region operations from Brazil

Chemin Esports partners with Brazilian Esports organisation Influence Rage

This partnership will lead Chemin to become a multinational Eports company

August 26, 2022 15:52 IST

The online gaming industry is currently contributing more than Rs 2,200 crores of GST

Proposed levy of 28% tax can lead to decline in active users, reveals ASSOCHAM and EY report

The industry currently pays GST at the rate of 18% on the platform fee of Gross Gaming Revenue (GGR) earned…

August 25, 2022 19:17 IST

The gaming industry has been showing signs of weakness as consumers pull back from discretionary purchases such as video-gaming gear amid decades-high inflation.

Nvidia forecasts sharp drop in third-quarter sales as games drag

Analysts have been concerned about a slowdown in data center growth, which has supported chip sales.

August 25, 2022 09:38 IST

Also present at the occasion were secretary, Ministry of Information and Broadcasting, Apurva Chandra, and country head of Zynga India, Kishore Kichli.

I&B minister Anurag Thakur launches Azadi Quest, a series of online educational games based on India’s freedom struggle

Launched in English and Hindi, for android and iOS devices in India, the games will be available globally in September…

August 24, 2022 19:44 IST

GameStop NFT has produced almost $166,800 in sales volume during the last 24 hours, according to data from DappRadar.

GameStop NFT daily fee revenue falls below $4K as markets go down

The floors have fallen by 55% and 72%, respectively, from the BAYC and MAYC’s respective all-time floor price highs of…

August 22, 2022 13:37 IST

The company claims to remain committed to building a local and helpful Play for India.

Indian apps and games saw a 200% increase in active monthly users in 2021: Google Play

As per a blogpost, local developers are also finding global audiences with Indian apps and games seeing a 150% increase…

August 18, 2022 14:34 IST

ndia is home to 420 million online gamers, with annual revenue from real-money gaming companies forecasted to reach Rs 61.3 billion by 2025, as per a report by KPMG

PokerBaazi partners with SHIELD to strengthen fraud prevention capabilities

PokerBaazi has built a robust in house in-game fraud prevention system and with SHIELD’s technology will be further enhancing the…

August 16, 2022 19:27 IST

The app will go public on September 18, 2022.

Esports Collective launches Esports fan engagement platform FanSpace

The platform will provide fans with a one-stop dashboard with data for all competitive tournaments

August 12, 2022 15:21 IST

The FSRA is a committee of independent experts constituted by FIFS as an independent self-regulatory authority for the fantasy sports industry in India.

FIFS appoints two former judges as panel members of Fantasy Sports Regulatory Authority (FSRA)

Justice (Retd.) Mukul Mudgal, former Chief Justice, Punjab and Haryana High Court and Justice (Retd.) GS Sistani, former Judge, Delhi…

August 10, 2022 13:08 IST

Under the proposed deal, Unity's Chief Executive John Riccitiello will become CEO of the combined business, while AppLovin Chief Executive Adam Foroughi will take the role of chief operating officer.

AppLovin offers to buy Unity in $17.5 billion deal

AppLovin’s offer comes as game developers and console makers warn of a slowdown in the sector as decades-high inflation and…

August 10, 2022 12:52 IST

What is the GameFi ecosystem

According to Cointelegraph, in a decentralised GameFi system, gamers are able to engage with creators having the ability to develop…

August 10, 2022 11:31 IST

Super4 aims to reach a userbase of around one million and generate a revenue of over five million by the end of 2023

Super4 enters the fantasy gaming sector; raises Rs 10 crore in seed funding

With the fresh funding, Super4 intends to expand and strengthen its team across multiple verticals and kickstart its venture into…

August 9, 2022 16:45 IST

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