Page 4 - Online Gaming

Pakistan halts overseas payments for online gaming and other apps

Army rejects claims about Gen Bajwa, family's assets; PTI Senator arrested for tweets against military officials

GoM on GST levy on casinos, online gaming to submit report next week

The state finance ministers' panel for GST levy on casinos, online gaming and horse racing will submit its report to the GST Council next week, Meghalaya Chief Minister Conrad Sangma said on Friday. Sangma-headed Group of Ministers (GoM) held its final meeting on the issue earlier this week and is understood to have recommended a GST levy of 28 per cent on online gaming, irrespective of whether it is a game of skill or chance. However, in the absence of consensus on whether the tax should be levied on only the fees charged by the portal or the entire consideration, including the bet amount received from participants, the GoM has decided to refer all the suggestions to the GST Council for a final decision. Asked when the GoM would send the report to the council, Sangam said: "We will submit the report next week". Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals. The GoM in its earlier re

Indian gamers keen in turning professional, see career growth: Report

Jobs seen as influencers, software developers, animators as industry grows in country

28% GST on online gaming likely; Council to take a final call on valuation

The state finance ministers' panel is likely to recommend a GST levy of 28 per cent on online gaming, irrespective of whether it is a game of skill or chance, and may leave the final decision on the vexed issue of valuation to the GST Council, sources said. The Group of Ministers, chaired by Meghalaya Chief Minister Conrad Sangma, had a virtual meeting on Tuesday to finalise their long pending report on taxation of online gaming, casinos and horse racing. According to the sources, a majority of the state ministers in the GoM were of the view that the Goods and Services Tax (GST) on online gaming should be raised to 28 per cent. However, in absence of consensus on whether the tax should be levied on only the fees charged by the portal or the entire consideration, including the bet amount, received from participants, the GoM has decided to refer all suggestions to the GST Council for a final decision. Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming

Panel may recommend 28% GST on online gaming, tweak in calculation method

Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, which is the fees charged by online gaming portals

India becomes e-sports gaming hub with Valorant, BGMI tournaments

While still in its infancy compared to the US, China and Japan, investors are betting on huge growth in Indian esports -- powered by one of the world's youngest populations and cheap mobile data

TMS Ep306: insolvency process, big guns exports, markets, game of skills

Has India's insolvency process matured? Has India finally buried the Bofors ghost? Is it time to raise high-beta bets in your portfolio? How's game of skill different from game of chance? Answers here

Indian gaming to add 100,000 jobs in FY23, grow five-fold in 7 years: Study

Industry expected to attract Rs 780 crore in foreign investment, says TeamLease Digital report

What are the differences between a game of skill and a game of chance?

The winnings from games of skill attract 18 per cent of Goods and Services Tax (GST), while winnings from games of chance mandate paying 28 per cent GST

Explained: What is ray tracing, how it works, and future of mobile games

Ray tracing uses lighting techniques to bring more realism in video games. By using algorithms, this technology traces and imitates the path of light that it would take in real world

Google starts rolling out refunds for Stadia gamers before the shutdown

In September this year, Google announced to shut down its cloud gaming service Stadia, admitting that it had not gained the traction the company had expected

Indian gaming worth $2.6 bn in FY22, will grow four-fold by 2027: Report

Country has 507 million gamers and more than 900 companies in the sector

Games24x7 launches Rs 400 cr fund for interactive entertainment start-ups

Will largely focus on entrepreneurs aspiring to build disruptive ventures in online gaming, digital marketing, digital content, sports tech, eSports, blockchain tech and analytics

GST Council likely to meet in Dec, may take up report on e-game tax

The Council meeting was expected to be held in August in Madurai

E-Gaming Federation to challenge Tamil Nadu ordinance banning online gaming

Regarding rummy and poker as games of chance violates Supreme Court and Madras High Court judgments which overturned the law banning online games

Game streaming co Rooter to host India's biggest cricket eWorld Cup event

Tournament to run from from Oct 16 to Nov 13, coincide with ICC Men's T20 World Cup

Gaming industry needs regulation, not ban: CEO, E-Gaming Federation

At least 600 million people will be playing online games by 2030, says Sameer Barde

Why India needs a central regulatory framework for online gaming?

In September, the I-T department issued show cause notices to seven online gaming firms and about three dozen high-value players for a possible evasion of Rs 28,000 crore

No cheat-code for online gaming industry as ministry, I-T turn up the heat

The income tax (I-T) department recently issued show-cause notices to seven online game companies, as part of an investigation into possible tax evasion by such institutions.

AIGF urges TN to reconsider online gaming ban, says move 'unconstitutional'

The Federation also believes that the ban can have an adverse effect on the state and will push more and more people towards illegal offshore websites