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ONLINE GAMING CLASSIFICATION
Online gaming companies seek a clear regulatory playfieldIndia's online gaming sector is approaching the Ministry of Electronics and Information Technology for guidance on new gaming rules. Compan...- Paris Paralympics medalist Avani Lekhara raises issue with Galaxy Z Flip 6 after service center denies help, company says 'issue promplty resolved'Paralympic champion Avani Lekhara faced service issues with her Samsung Galaxy Z Flip 6, gifted to athletes for the Paris 2024 Games. Despi...
- Indian IT pack falls; MeitY’s e-gaming rulebookIndian IT stocks suffered on Wednesday after HCLTech’s weak Q4 numbers. This and more in today’s ETtech Top 5.
- MeitY says no mandatory registration for online games without real moneyNew regulations from MeitY will exempt online games without real money stakes from mandatory registration. Real-money games will undergo st...
- Rs 12 lakh gone: Delhi CA shares shocking story of engineering student who vanished after app lossesA final-year engineering student in Delhi has gone missing after losing ₹12 lakh—his education loan and his father’s retirement savings—on ...
- GST council hikes tax on online real money gaming and betting to 40% from 28%The GST Council raised tax on online real money gaming from 28% to 40%, classifying it as a ‘sin good’ alongside casinos and betting. House...
- Rules for online gaming bill practically ready: IT Minister Ashwini VaishnawJustifying the decision to ban real-money gaming, Vaishnaw said the harm from it would have surpassed that caused by drugs. In an interview...
- Ban on online money gaming: what does the fine print say?The bill proposes a ban on online money gaming. If passed, it would criminalise offering, facilitating, advertising, or funding such games....
- New framework launched to classify online skill-based games in IndiaThis initiative is the result of extensive engagement and consultation with industry experts, game developers, legal advisors, and gamers, ...
- Feasible & prudent to have three GST slabs: CBIC chiefIndia's GST structure is set to move towards three tax rate slabs, according to CBIC chairman Sanjay Kumar Agarwal. The GST Council will fi...
- Government mulling classification of online gaming for taxation: ReportThe government believes all online games do not involve betting and can be taxed differently, the source said, adding that the Goods and Se...
- GoM still divided on 28% e-gaming GST, GGR levyUP and WB favoured a differential treatment between games of ‘skill’ and ‘chance’, say sources.
- Law Committee suggests clear definition for game of chance and skillThe Law Committee under the Goods and Services Tax Council is of the view that a clear definition and classification of the “game of chance...
- Game of skill or chance? GST law panel for clear definitionMany courts have overlapping definitions and it will be better if there is a uniform framework for this, the law committee has told the GoM...
- View: Policy needs to demarcate the difference between gambling and gamingThe income-tax treatment of these two types of activity also differs. Winnings from games of chance are taxed at the highest slab without a...
- Base online gaming norms on genre, age classifications: Indiatech to GovtStartup grouping IndiaTech writes to IT minister to set standards similar to the Entertainment Software Rating Board (ESRB). IndiaTech want...
- View: Online gaming industry is not dicey, give gambling a chanceAccording to a 2021 ENV (Esse N Vidari) Media study (bit.ly/ 3lkZxt4), Indian gamers spent some $1.73 billion (₹13,000 crore) in online spo...
- GST Council constitutes GoM to look into online gaming, race courses, casinosThe Council has set four-point terms of reference for the GoM which will include examining the taxability of certain transactions in casino...
- How much do we tax oxygen? GST code isn’t clear about itThe Covid-19 pandemic seems to have brought back the pertinent question of goods categorisation under GST framework. In many cases, the GST...
- Video gaming as addictive as cocaine, gambling: WHO'Gaming disorder' has been added to ICD's 11th addition, making this the first major revision in nearly three decades.
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