GST authorities, e-gaming companies in race against timeThe Indian online gaming industry faces a critical deadline as tax authorities prepare to finalize demands based on show-cause notices. The...
18 Dec, 2024, 07.51 AM IST
Online gaming continues to grow, but GST change to “moderate” monetisation: reportAccording to a report from real money gaming (RMG) firm Winzo and non-profit firm Interactive Entertainment and Innovation Council, India c...
21 Mar, 2024, 10.01 PM IST
Playing on Numbers: Making sense of India’s gaming boomOver the past three years, the online gaming industry has grown at a CAGR of 28 per cent, reaching Rs 16,428 crore in FY23 and is likely to...
10 Dec, 2023, 06.11 AM IST
Online gaming funding falls from Rs 12,740 cr in FY22 to Rs 835 cr in FY24The report stated that interest rate hikes, tightened liquidity, inflation, changes in taxation, and concerns about an imminent recession a...
06 Dec, 2023, 05.21 PM IST
VC firm Lumikai cuts growth projection for India’s real-money gaming segmentThe share of RMG in the Indian gaming market, which today is nearly 60%, could reduce to 32% by fiscal 2028, said the State of India Gaming...
06 Nov, 2023, 05.14 PM IST
Winzo investing $25 million to expand base in Brazilian market, says cofounderThe move will help the business diversify outside of India. Brazil is the fourth largest gaming market in the world with a user base of 90 ...
05 Oct, 2023, 03.37 PM IST
Gamers put real money on table ahead of 28% tax regimePlatforms make special offers to lure heavy-duty gamers in the past 2 months; some clock as much as 300% surge in daily deposits.
02 Oct, 2023, 09.57 AM IST
Indians are spending one-fifth of waking time on social media, OTT and online gaming: StudyIndian phone users spend around one-fifth of their waking hours on entertainment and information apps, including social media, OTT platform...
21 Aug, 2023, 06.25 PM IST
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 ...
03 Aug, 2023, 12.04 PM IST
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...
03 Aug, 2023, 12.33 AM IST
Government says adequate provisions exist to enforce GST on offshore gaming platformsSince the GST Council's July 11 decision to impose 28% tax on the full face value for online gaming, firms in the real money gaming sector ...
02 Aug, 2023, 12.51 AM IST
Gaming companies differ on tax formula ahead of GST Council’s second meetThe difference in opinion emerged amid an attempt to arrive at an agreement about the final representation to be made to the government ahe...
31 Jul, 2023, 12.57 PM IST
Now, international platforms wooing Indian gamers with ‘No GST’ messagesThese platforms are offering micro-influencers up to Rs 1,000 per post on social media platforms such as X (Twitter), Instagram and Faceboo...
27 Jul, 2023, 06.00 AM IST
Real-money gaming companies’ executives look to meet govt officialsThey feel the decision will significantly shrink industry size; seek meetings with MoS IT, revenue secretary this week
17 Jul, 2023, 06.00 AM IST
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...
12 Jul, 2023, 02.06 PM IST
Delta shares crash 28% as government imposes 28% GST on casinosIn a major setback to the country's online gaming industry, the GST Council on Tuesday decided to levy a 28% tax on the full value of monie...
12 Jul, 2023, 12.19 PM IST
Tiger Global-backed Games24x7 launches Rs 400-crore fund for early-stage startupsGames24x7, which operates platforms including My11Circle and RummyCircle, raised $75 million early this year at a valuation of $2.5 billion.
01 Nov, 2022, 06.03 PM IST