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GST IMPACT ON GAMING
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...- All bets are off as SC’s GST ruling squeezes RMG companiesThe GST demand of Rs 92,000 crore on past transactions will also impact larger players such as Dream11, Junglee Games and Mobile Premier Le...
- Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
- RBI must let rupee depreciate; use liquidity tools, not rate hikes, to curtail inflation: Duvvuri SubbaraoFormer RBI Governor Duvvuri Subbarao has advised the RBI to allow some rupee depreciation to counter external pressures. He has suggested u...
- SC verdict on GST leaves real-money gaming firms staring at a Rs 92,000-crore questionWednesday’s ruling, backing tax demands on past transactions, could have major financial implications for the sector. A lawyer representing...
- Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...
- DGGI set to fire up GST recovery drive against gaming firms after Supreme Court's backingThe Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court ...
- The true cost of PMS returns: Disclosing the hidden gap between headline numbers and real investor gainsFrom glossy returns to tax drag, what an equity PMS earns investors often trails what is advertised.
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Online gaming startup Winzo reports 70% jump in FY24 revenue amid regulatory headwindsAdjusted net profit grew 2.5 times to Rs 315 crore, up from Rs 125 crore the previous year. Per Winzo, the financials reflect only six mont...
- Paytm shares in focus as subsidiary faces Rs 5,712 crore GST demand noticePaytm share price: Paytm’s subsidiary, First Games Technology, has received a Rs 5,712 crore Show Cause Notice from the GST authorities, de...
- Real-money gaming companies look for an ace to beat tax bluesCompanies are trying out restrictions on the withdrawal of deposits for shorter games like rummy and poker to avoid being hit by repetitive...
- GST Council meeting: AAP to seek withdrawal of tax notices to online gaming companiesIn the previous meeting on August 2, the GST Council had approved amendments to the Goods and Services Tax (GST) laws to provide clarity on...
- Gaming platform Fantok suspends operations citing impact of 28% GST levyThis has come in the light of several real money gaming platforms either cutting down scale or halting operations altogether following the ...
- 28% GST stays on online gaming, casinos; Council to review taxation in six months from implementationThe Goods and Services Tax (GST) Council has decided to retain a 28% tax on online gaming, casinos, and horse racing. The tax is likely to ...
- Online gaming industry relieved as GST Council clears tax hazeThe online gaming industry has welcomed the GST Council’s recommendation that will ensure there won’t be repetitive taxation on gamers, but...
- Fuelling foul play and finishing fair play: How GST will distort gaming industryThe decision of the GST Council to impose 28% GST on online games has been criticized by the gaming industry, as it will discourage legal g...
- Game over: Indian gaming companies fear thousands of job cuts after GST increaseThe Indian GST Council's decision to levy 28 per cent GST on online gaming, casinos, and horse racing was met with criticism, with companie...
- Online gaming companies say 28% GST to hit their businessThe All India Gaming Federation (AIGF), which represents companies like Nazara, GamesKraft, Zupee and Winzo, said the decision by the counc...
- Top gaming firms urge government not to raise GST rate to 28%A group of top online gaming firms has sent a representation through the Ficci Gaming Committee to the Central Board of Indirect Taxes & Cu...
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