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OFFSHORE GAMING APPLICATIONS
Terror funding angle complicates the case for real-money gaming companiesIn response to rising concerns about money laundering, terror financing, and tragic outcomes linked to online gaming, the Indian government...
Govt issued 1,524 blocking directions for online betting, gambling platforms: MoS ITMinister of state for electronics and IT, Jitin Prasada, said in a written reply to Lok Sabha that the policies of the Central Government a...
DGGI lens on 700 offshore online money gaming cos ahead of IPLThe DGGI has intensified actions against offshore online gaming entities engaging in illegal betting as the IPL begins. Approximately 700 e...
Illicit betting, gaming apps laundering money via kirana stores, finds EDUnder the DMT framework, banks can appoint intermediaries and agents (business correspondents) to collect cash from migrants and send it to...
ED investigates Indian links of foreign gambling apps, suspects over Rs 1 lakh cr betsThe Mahadev scam, revealing extensive illegal online betting networks, is far from resolved despite some progress. The Enforcement Director...
AIGF estimates USD 2.5 bn GST loss from offshore illegal, betting firmsAIGF's Roland Landers urges swift action against offshore illegal betting, causing a USD 2.5 billion annual loss. Concerns include user har...
DGGI probing Mahadev Online Book for possible non-payment of GSTThe Directorate General of GST Intelligence (DGGI) is investigating Mahadev Online Book, an allegedly illegal betting application, and its ...
India's government blocked 174 betting and gambling sitesThe Indian government has blocked 581 applications, including 174 betting and gambling app, Pankaj Chaudhury, the minister of state for fin...
Offshore egaming apps try no-GST ploy to woo users; Binny Bansal’s Curefoods pushOffshore entities of Indian real money gaming apps are trying to lure customers with social media ads, promising their bets won’t be taxed ...
Offshore gaming apps lure users with ‘No GST’ carrotMost of these apps are now trying to win over customers, advertising that bets placed on their platforms would not face any GST, people in ...
Offshore real money gaming apps lure users with 'No GST' carrotIndia-based real money gaming (RMG) applications are challenging a tax demand of over ₹1.5 lakh crore from the Directorate General of GST I...
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 ...
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 ...
Online gaming companies say TDS will cut rows, compliance loadA top executive at a fantasy sports gaming platform said initially the government had set the July deadline for TDS applicability so that c...
Taxman seeks info from foreign online gaming companiesIndian tax authorities have approached half a dozen online gaming firms in Malta, the UK and Gibraltar to gather information on the number ...
Goa CM Manohar Parrikar threatens to eliminate offshore casinos from the stateGoa Chief Minister Manohar Parrikar today vowed to eliminate offshore casinos from the state's waterfronts before he completes his tenure, ...
- IT majors take innovative routes to protect margins
Indian IT cos churning out innovative offers to keep their margins intact amid demand from their clients to cut billing prices. Cities that...