Business Standard

Sunday, January 19, 2025 | 10:26 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Page 6 - Online Gaming

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

GoM on online gaming, casinos: No consensus yet on 28% GST on gross revenue
Updated On : 10 Aug 2022 | 10:34 PM IST

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

Why has BGMI been taken down from Google and Apple app stores in India
Updated On : 05 Aug 2022 | 8:35 PM IST

'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.

'Online gaming platforms treated illegal when game of chance is involved'
Updated On : 03 Aug 2022 | 6:16 PM IST

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

BGMI delisting from Google, Apple app stores adds to gaming sector's woes
Updated On : 29 Jul 2022 | 10:46 PM IST

Ministerial group meeting on online gaming inconclusive over legal issues

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

Ministerial group meeting on online gaming inconclusive over legal issues
Updated On : 12 Jul 2022 | 10:50 PM IST

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

GST Council defers tax on casinos, lottery; GoM to re-deliberate by July 15
Updated On : 30 Jun 2022 | 12:53 AM IST

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: GST on casinos deferred; marketing freedom to oil producers
Updated On : 29 Jun 2022 | 6:17 PM IST

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

Business Standard brings you the top headlines at this hour

Top headlines: 28% tax on online gaming, Dish TV-YES Bank tussle, and more
Updated On : 29 Jun 2022 | 7:16 AM IST

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

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

Blanket 28% GST could hit online gaming badly in India, says industry
Updated On : 28 Jun 2022 | 11:50 PM IST

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

Stiff regulations, high taxes: Govt controls electronic sports joystick
Updated On : 28 Jun 2022 | 11:35 PM IST

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)

Online gaming industry worried at possible GST hike on skill-based games
Updated On : 28 Jun 2022 | 8:22 PM IST

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

GST Council is likely to consider system-led enforcement reforms

GST Council may treat fantasy games on a par with gambling, taxed at 28%
Updated On : 27 Jun 2022 | 2:29 AM IST

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

ED files charge sheet in case linked to illegal online gaming apps in Goa
Updated On : 22 Jun 2022 | 1:23 PM IST

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

47th meeting of GST Council to be held on June 28-29 in Srinagar: FinMin
Updated On : 17 Jun 2022 | 1:38 AM IST

Eyeing 3 million users, Mobile Premier League starts Poker Academy

As part of the Academy, MPL will curate beginner, intermediate and advanced levels of content catering to all types of gamers, the company said in a statement

Eyeing 3 million users, Mobile Premier League starts Poker Academy
Updated On : 26 May 2022 | 9:40 PM IST

GoM calls for 28% GST on online gaming, casinos; tax likely on face value

At the moment, most online gaming platforms pay 18 per cent on the commission collected by online gaming platforms for each game

GoM calls for 28% GST on online gaming, casinos; tax likely on face value
Updated On : 19 May 2022 | 12:36 AM IST

Govt may levy 28% GST on casinos, online gaming as GoM finalises report

The panel of ministers tasked to review the GST levy on casinos, race courses and online gaming has finalised its report, which will be taken up in the upcoming GST Council meeting. The Group of Ministers, chaired by Meghalaya chief minister Conrad Sangma, had in its previous meeting earlier this month unanimously decided on hiking the tax rate on these services to 28 per cent. The GoM met again on Wednesday and finalised the method of valuing these services for the purpose of levying this tax. "The Group of Ministers (GoM) on casinos, race courses & online gaming has come to a consensus. The report of our submissions will be handed over to Hon'ble FM, Smti. @nsitharaman Ji in a day or two & the matter will be presented in the next @GST_Council Meeting," Sangma tweeted. At present, services of casinos, horse racing and online gaming attract 18 per cent GST. The government had in May last year set up a panel of state ministers for better valuation of services of casinos, online

Govt may levy 28% GST on casinos, online gaming as GoM finalises report
Updated On : 18 May 2022 | 5:02 PM IST

Microsoft Xbox Live gaming suffers massive outage, fixed after hours

The Xbox Live outage stopped some players from launching cloud games, playing digital games and making purchases from its store

Microsoft Xbox Live gaming suffers massive outage, fixed after hours
Updated On : 09 May 2022 | 11:11 AM IST

MPL launches Mayhem Studios to step up development of mobile games

The studio will have a team of professionals in the area of animation, art, cinematics, design, engineering, UI and UX game design and game production.

MPL launches Mayhem Studios to step up development of mobile games
Updated On : 05 May 2022 | 3:32 PM IST

Digital marketing of unhealthy foods, online gaming driving obesity: WHO

The global health body added that while nearly 60 per cent of adults and a third of children are overweight or obese, the last two years of Covid-19 pandemic made that worse

Digital marketing of unhealthy foods, online gaming driving obesity: WHO
Updated On : 04 May 2022 | 2:34 PM IST