Page 31 - Online Gaming

GoM for different GST on sports betting, casinos and horse racing

Group of ministers to seek legal opinion for the move

GoM on casinos, online gaming taxation may finalise report in 7-10 days

A panel of state finance ministers on taxation of casinos and online gaming on Monday met and decided to seek legal opinion on valuation criteria for all these segments. The Group of Ministers (GoM) headed by Meghalaya chief minister Conrad Sangma said, "After taking the opinion of stakeholders and after successive meetings to seek the suggestions of all members, we will take legal opinion before submitting the final report". The GoM on casinos and online gaming taxation is likely to finalise its report in 7-10 days, he said after the meeting here. The panel in an earlier report had proposed to the GST Council to levy 28 per cent GST on gross sales value as horse racing, online gaming and casinos are akin to betting or gambling. Sources said the GoM is open to considering different rates and valuation mechanisms for online gaming, casinos, and horse racing. The government in May last year set up a panel of state ministers for better valuation of services of casinos, online gaming

Top Headlines: Unrealistic deadlines for EVs, Mistry's demise, and more

Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday.

Tax dept unearths Rs 58,000 cr in winnings of players on Indian gaming app

Winners have to pay about Rs 20,000 crore in tax

No direct relation between suicide, online gaming: Expert to TN govt

"There isn't sufficient data available both before and after online gaming was legalized to correlate suicide with online gaming," the research concludes

GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (GoM), the sources added.

GoM on online gaming, casinos: No consensus yet on 28% GST on gross revenue

GGR is the total amount collected by casinos and online gaming companies before shelling out the money to the winners

Why has BGMI been taken down from Google and Apple app stores in India

The game's developer Krafton confirmed that BGMI had been suspended. Here's why the game has been removed and what the developers have to say about it

'Online gaming platforms treated illegal when game of chance is involved'

Betting, gambling are unlawful in most parts of the country and online gaming platforms are treated as illegal when game of chance is involved in those platforms, Parliament was informed on Wednesday.

BGMI delisting from Google, Apple app stores adds to gaming sector's woes

Gaming platforms suggested regulations to address the game addiction, rather than a blanket ban

Ministerial group meeting on online gaming inconclusive over legal issues

Next meeting likely in New Delhi by month end; final report by August 10

GST Council defers tax on casinos, lottery; GoM to re-deliberate by July 15

The GoM will have to submit report by July 15 and then the Council will meet either on August 1 or in the first week of August, says FM Sitharaman

Top headlines: GST on casinos deferred; marketing freedom to oil producers

Briefing reporters about deliberations at the two-day meeting of the GST Council, Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue

Top headlines: 28% tax on online gaming, Dish TV-YES Bank tussle, and more

Business Standard brings you the top headlines at this hour

Blanket 28% GST could hit online gaming badly in India, says industry

The country's gaming industry is currently estimated at $1.5 billion

Stiff regulations, high taxes: Govt controls electronic sports joystick

India is a fast-growing high-potential gaming market, but per capita spends still very low

Online gaming industry worried at possible GST hike on skill-based games

EGF, AIGF said that what is more worrying is some reports suggesting that the tax may be levied on total pool (prize money pooled plus the platform commission), and not on gross gaming revenue (GGR)

GST Council may treat fantasy games on a par with gambling, taxed at 28%

GST Council is likely to consider system-led enforcement reforms

ED files charge sheet in case linked to illegal online gaming apps in Goa

The ED on Wednesday said it has filed a charge sheet before a Goa court in a money laundering case linked to placing of illegal bids through an online poker gaming app

47th meeting of GST Council to be held on June 28-29 in Srinagar: FinMin

The meeting assumes significance as it is expected to discuss the report of the panel of state ministers on rate rationalisation and also the tax rate on casinos, race courses and online gaming