Page 3 of Policy in Gaming

The landscape has been undergoing a consistent evolution and was not impacted by technology in the yesteryears

The evolution of cricket fantasy gaming: from pen and paper to mobile apps

Cricket has the highest share of registered users amongst games, which is 85%, according to Statista

October 14, 2023 14:15 IST

The fantasy sports platforms had to go through various changes in their structure to keep themselves afloat

Fantasy Sports: A Walk Through Its History

Wilfred Wilkenbach devised fantasy golf in the late 1950s with players selected from a team of pro golf players and…

October 12, 2023 10:54 IST

Brazil is the fourth largest gaming market in the world with a user base of 90 million users

India pursues gaming, insurance firms over alleged tax evasion

ICICI Lombard General Insurance received the notice for alleged non-payment of goods and services tax, it said in a stock…

Updated: March 13, 2024 15:27 IST

Online gaming firms have raised objections over the payment of 28% GST instead of 18% for the period up to October 1, 2023

28% GST on online gaming to come into effect today

The amendments to the IGST Act make it mandatory for offshore online gaming platforms to register in India and pay…

Updated: October 1, 2023 09:58 IST

torage limitations are something that many mobile gamers will experience at some point (Photo: Pexels)

The tax demands spooking the OG industry are full of legal and logical fallacies

As India transitioned to the new GST regime in 2017, the business models of the online skill gaming companies remained…

September 27, 2023 17:20 IST

The government will initially notify three SROs

Self-regulatory bodies for online gaming to be notified by September end

As per the rules, online real money games will become permissible only when it is verified by a self-regulatory organisation

September 15, 2023 08:43 IST

Non-compliant firms are barred from providing such services to Indian residents

SC stays HC order against Rs 21,000-cr GST notice to Gameskraft

Interim relief may encourage tax dept to be aggressive with e-gaming firms

Updated: September 11, 2023 11:36 IST

The online gaming company urged the apex court to prevent the recovery of dues until the matter was resolved

Supreme Court stays Karnataka High Court’s order quashing GST department’s Rs 21,000 crore show cause notice against Gameskraft

The DGGI issued a show-cause notice for the period between August 2017 and June 2022 to Gameskraft for alleged evasion…

Updated: September 11, 2023 11:35 IST

The government has maintained that GST rate on gaming was always 28% on the full face value, and there is no distinction between games of chance and skill

GST Council takes a headshot at online gaming

Continuing with the push to provide an impetus for growth to the sector, the recent budget provided limited compliance relief…

August 26, 2023 11:04 IST

The advisory stated that while the advertisements of online betting platforms have been curbed in the mainstream print, electronic, digital and outdoor media

MIB issues advisory on advertisement of online betting platforms in sporting events

MIB has advised all stakeholders including media entities, online advertisement intermediaries, and social media platforms to refrain from advertising online…

August 25, 2023 13:37 IST

The Centre has filed a special leave petition (SLP) challenging the Karnataka high court order, which set aside a Rs 21,000 crore tax notice GTPL

GST only at entry-level may reduce tax liability of e-gaming firms

Tax officials withhold fresh notices, write to CBIC seeking clarity

August 21, 2023 08:36 IST

Industry experts call the layoffs nothing but a smoke-screen.

Why layoffs in the online gaming industry are Much Ado About Nothing? Premium Story

According to the FICCI-EY 2023 report, new players, marketing efforts, specialised platforms and brand ambassadors, grew the segment by 34%…

August 14, 2023 08:14 IST

Parliament clears Bill for 28% GST on e-gaming

The amendments make it mandatory for offshore gaming firms to be registered in India in order to give a level-playing…

August 12, 2023 10:29 IST

Companies believe that rate of growth perhaps will slowdown for many

Online gaming companies take to layoffs to manage the fear of 28% GST implementation from October 1 Premium Story

It all started this week with online gaming companies including MPL and Hike-owned Rush Gaming Universe, a Web3 gaming platform,…

Updated: August 31, 2023 16:55 IST

The impending exponential growth of India's illegal offshore betting industry is closely linked to the recent GST notification

28% GST to be charged on the face value; the new set of rules to be implemented October 1, with govt to review after six months, clarifies FM Nirmala Sitharaman

The council has also created a provision to add digital assets and currencies. So if any payment is made in…

August 2, 2023 20:50 IST

According to Joseph, GST on deposits would allow the large-scale format will take over, making the smaller contests unviable

GST on deposits for online gaming, though not the ideal solution, will not be the death knell

Taxing the prize pool every time a user redeploys the money will make playing games prohibitive for the players, hiking…

August 1, 2023 12:09 IST

The industry spends $1 billion in advertisements, which would be completely wiped off

Top Investors write to PMO expressing concern over 50% to 70% effective GST on Online Gaming

It is estimated that the online skill gaming industry is expected to contribute approximately Rs 4,500 crore in GST at…

July 21, 2023 14:00 IST

Foreign Investments worth $2.5 billion and enterprise value of Indian gaming startups worth $20 billion will also be written off

Can the hopes of the gaming industry still be salvaged

Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar recently said that he will ask the GST Council to…

July 21, 2023 09:13 IST

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‘Social burden not penal burden’: SC’s unprecedented order on Samay Raina, others

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The Supreme Court has directed comedian Samay Raina and three others to invite disabled individuals to their shows and raise funds for their treatment. They emphasized that this is a social responsibility, not a punishment. The court also addressed the issue of insensitive comments towards disabled people. The comedian had earlier apologized and removed all episodes of the show.

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