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KARNATAKA GAMING AUTHORITY
Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...- 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...
- BCCI decision to shift IPL finals to Ahmedabad due to commercial viability: MinisterThe IPL finals venue has moved from Bengaluru to Ahmedabad. Karnataka Home Minister G Parameshwara stated commercial viability is the likel...
- TCS Q4 drags down IT stocks; Swiggy cofounder exitsShares of IT companies declined on Friday as TCS earnings failed to lift investor sentiment. This and more in today’s ETtech Top 5.
- Syndicate Finance Mumbai backs Hyperloop Games with ₹85 crore for Tier 2,3 and 4 expansion.Hyperloop Games is pivoting to focus on Tier-II, III, and IV Indian cities, aiming to bridge the entertainment gap. The startup secured ₹85...
- SC transfers all petitions challenging online gaming law to itselfThe Ministry of Electronics and Information Technology (MeitY) sought a transfer of three pending cases from the high courts to the apex co...
- SC to hear Centre’s plea to transfer Online Gaming Act petitionsThe Supreme Court has agreed to hear the Centre's plea to transfer petitions challenging the Promotion and Regulation of Online Gaming Act ...
- Online betting authority: Gaming body hails Karnataka move; calls for national frameworkKarnataka plans to move a bill in the upcoming session of the legislature to amend the Karnataka Police Act, 1963, to set up the authority ...
- States, Trai jump into the fray to regulate online gamingMeitY's self-regulatory proposal for online gaming led to state laws in Tamil Nadu and Karnataka. Trai consulted on National Broadcasting P...
- Karnataka IT minister Priyank Kharge warns Centre’s policies could kill jobs in online gaming sector“The gaming companies want to be regulated,” the minister said in a post on social media platform X, adding the country has 1,400 online ga...
- Govt serves online gaming companies tax notices worth Rs 1 lakh croreIndian tax authorities have served notices worth about 1 trillion rupees ($12.03 billion) to online gaming companies, a government official...
- Karnataka IT minister slams Centre’s retrospective tax claims on gaming firmsKarnataka’s IT/BT Minister Priyank Kharge said "This was definitely not the relook the people (gaming sector) expected from the finance min...
- Karnataka GST authorities write to 161 online gaming firms, ask them to apply revised rate“We don’t want any company to claim later that they were not aware of the details of the recent amendments to the GST laws,” a senior offic...
- FM Nirmala Sitharaman: 28% GST on online gaming from OctoberThe Council had earlier said that GST on online gaming will be imposed without any differentiation on whether it's based on skill or chance.
- GST authorities issue notice to Gameskraft, seek Rs 21,000 croreLast year in December, the GST authorities had conducted a search on the premises of the company and attached its property and bank account...
- Changes in gaming laws: What’s at stake for online companies?The government must clarify that gaming companies can continue to operate their business within the state, so long as they do not provide o...
- Online gaming law amended to counter a pressing social evil, Karnataka tells HCThe gaming platforms, the government said, were causing addiction among the youth and even led some of them into suicide.
- Foreign players cannot escape from Karnataka's gaming law, says home ministerThe Karnataka government, on October 5, notified the law banning betting and wagering in online games.
- Dream11 suspends operations in Karnataka after FIR against foundersWith IPL 2021 underway and T20 World Cup around the corner, the Karnataka gaming ban is a setback for gaming apps like Dream11, Mobile Prem...
- Karnataka gaming ban: FIR against Dream11 founders, firm says compliant with lawsThe Bengaluru City Police is preparing to summon Dream11 founders Harsh Jain and Bhavit Sheth in connection with an FIR, which claims that ...
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