Against The Run of Play: 28% Possible GST on Online Gaming Worries Industry Experts about Future Growth
2 years, 5 months ago

Against The Run of Play: 28% Possible GST on Online Gaming Worries Industry Experts about Future Growth

News 18  

The government’s proposal to tax online gaming at the highest rate under the goods and services tax has the sector concerned about its prospects for future expansion. According to them, it could slow down the expansion of online gaming companies and force fantasy sports companies to provide smaller prize pools, which could cause their loyal customers to quit the platforms in pursuit of greater games. Komandur said that Prime Minister Narendra Modi firmly stated that “the gaming market is huge internationally and the number of youth connected to this market globally is increasing” and the Ministry of Electronics and Information Technology held a meeting with multiple online gaming platforms, including some of the major gaming unicorns to discuss the framework. “The government is now looking to impose 28% GST on the online gaming industry, as a move to regulate the sector, citing the example of horse racing. Vashisht also said: “Only the platform fee charged by skill gaming operators constitutes the value of supply.” As reported, other industry experts are also concerned that the prize pool reduction may drive many gamers to offshore betting companies that offer fantasy sports, online rummy, and poker.

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History of this topic

Amid lack of regulation, online gaming in limbo, failing to attract investment
3 weeks ago

Amid lack of regulation, online gaming in limbo, failing to attract investment

Live Mint  

New Delhi: The Centre’s failure in appointing proposed self-regulatory bodies for the online gaming sector has left the industry in limbo, with small firms struggling to get investors and large ones innovating without any legal guardrails to try and rope in more paying consumers. Industry stakeholders, policy consultants and lawyers told Mint that next year’s expected Supreme Court rulings on …

GST Council to deliberate on taxation of insurance premium, report on online gaming
3 months, 2 weeks ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

The Hindu  

The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. The GST Council, chaired by Finance Minister Nirmala Sitharaman and comprising state ministers, will decide on whether to reduce the tax burden on health insurance from the …

GST Council to deliberate on taxation of insurance premium, report on online gaming
3 months, 2 weeks ago

GST Council to deliberate on taxation of insurance premium, report on online gaming

New Indian Express  

NEW DELHI: The GST Council on Monday is expected to deliberate on a host of issues, including taxation of insurance premium, GoM's suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources said the fitment committee, comprising Centre and state tax officials, will present a report on GST levied on life, health and reinsurance premiums and …

53rd GST Council Meet Tomorrow: What's The Key Expectations?
6 months ago

53rd GST Council Meet Tomorrow: What's The Key Expectations?

Live Law  

About Eight and a half months after its previous meeting, the Center has decided to call a meeting of the Goods and Services Tax Council on June 22, 2024.Although the meeting's agenda is yet unknown, state finance ministers should bring forth ideas for an indirect tax system that might be included in the Union Budget, which is anticipated to be …

GST Council to meet on June 22, likely to review online gaming taxation
6 months, 1 week ago

GST Council to meet on June 22, likely to review online gaming taxation

India TV News  

New Delhi: The GST Council, chaired by Finance Minister Nirmala Sitharaman, is scheduled to meet on June 22 in the national capital after a gap of eight months. The council is expected to review the implementation of the 28 per cent GST on the online gaming sector. Council to review GST on online gaming The GST Council is expected to …

Online Gaming Industry Complies With New GST Law But Retro Tax Still A Threat
10 months ago

Online Gaming Industry Complies With New GST Law But Retro Tax Still A Threat

The Quint  

The Indian fantasy sports industry, once a burgeoning sector, now finds itself in choppy waters. The Government of India's decision to levy a 28% GST on total deposits, as opposed to the previous 18% on gross gaming revenue, has dealt a severe blow to RMG companies. However, the Directorate General of Goods and Services Tax Intelligence has thrown another curveball …

Karnataka to come out with legislation to curb cricket betting and online gaming, says Home Minister Parameshwara
10 months, 1 week ago

Karnataka to come out with legislation to curb cricket betting and online gaming, says Home Minister Parameshwara

The Hindu  

The Karnataka government on Tuesday announced that it would come out with a new legislation to curb cricket betting and online gaming. Replying to concerns raised by members across party affiliations in the Assembly about the serious impact of betting and online gaming on youth, Home Minister G. Parameshwara said, “Soon we will bring out a new legislation to prevent …

West Bengal Assembly passes bill to impose 28% GST on online gaming, horse racing, casinos
1 year ago

West Bengal Assembly passes bill to impose 28% GST on online gaming, horse racing, casinos

India TV News  

Kolkata: The West Bengal assembly on Thursday passed a bill that subjects online gaming, horse racing, and casinos to the highest GST rate of 28 per cent, calculated based on the full face value of the bets placed. Minister of State for Finance, Chandrima Bhattacharya, said that upon the West Bengal Goods and Services Tax Bill, 2023, becoming an Act, …

Online gaming taxation: Look for a practical way out
1 year, 1 month ago

Online gaming taxation: Look for a practical way out

Live Mint  

India is one of the world’s largest markets for online gaming, with thousands of jobs and millions of users. Its taxation slab as well as liability valuation mechanism were changed, and it faces a looming spectre of retrospective taxation—or call it tax arrears—that has seen it go from being a ‘sunrise sector’ to one whose survival is under a cloud. …

Online gaming companies get ₹1 lakh crore GST show cause notices so far
1 year, 1 month ago

Online gaming companies get ₹1 lakh crore GST show cause notices so far

The Hindu  

GST authorities have issued show cause notices worth ₹1 lakh crore to online gaming companies for tax evasion so far, a senior official said on October 25. The government has amended the GST law, making it mandatory for overseas online gaming companies to register in India from October 1. "Online gaming companies served notices worth about ₹1 lakh crore by …

Why Dream11 filed a suit challenging India’s tax demands? | Explained
1 year, 2 months ago

Why Dream11 filed a suit challenging India’s tax demands? | Explained

The Hindu  

The Story So Far: On September 12, tax authorities issued notices giving Dream11 30 days to explain why it should not be required to pay a shortfall of 2.1 billion rupees for 2017-18 and 10 billion rupees for 2018-19, along with interest and penalties. ‌The central issue in this dispute revolves around whether Dream11’s gaming platform should be classified as …

All states for 28% GST on online money gaming effective from 1 Oct: Revenue Secy
1 year, 2 months ago

All states for 28% GST on online money gaming effective from 1 Oct: Revenue Secy

Live Mint  

New Delhi: As of now 18 states have passed legislative changes to implement the 28% Goods and Services Tax on online gaming, horse racing and casinos and all the remaining states have agreed to make the necessary changes which will have effect from 1 October, Revenue Secretary Sanjay Malhotra said at a briefing. Finance minister Nirmala Sitharaman told reporters that …

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?
1 year, 2 months ago

52nd GST Council Meeting: What Lies Ahead For Online Gaming, SGST & Beyond?

News 18  

52nd GST Council Meeting October 7, 2023: The upcoming 52nd GST Council Meeting, scheduled for October 7, 2023, in New Delhi, holds profound significance as it is anticipated to be a pivotal meeting in addressing various critical agenda items such as taxation of crypto and NFT tokens, clarifications on ESOP, rate rationalisation and evaluation of the progress made by individual …

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1
1 year, 2 months ago

Online gaming companies to collect 28% on full bet value, offshore platforms to be GST registered from October 1

The Hindu  

From October 1, online gaming companies will charge 28% GST on full value of bets, while offshore platforms too would be required to have GST registration to operate in India. In its meetings in July and August, the GST Council, comprising finance ministers of Centre and states, had approved amendments to the law to include online gaming, casinos and horse …

28 per cent GST rate on online gaming from October 1
1 year, 2 months ago

28 per cent GST rate on online gaming from October 1

Hindustan Times  

India is set to implement a 28 per cent Goods and Service Tax on online gaming from October 1. “We are ready to implement a 28 per cent GST rate on online gaming from October 1 with the consent of all the states. The amendments are related to the insertion of provision in the third schedule of CGST Act, 2017 …

Review of GST on online gaming, casinos likely next fiscal
1 year, 2 months ago

Review of GST on online gaming, casinos likely next fiscal

Hindustan Times  

New Delhi: The Goods and Services Tax Council may review implementation-related issues pertaining to levying 28% GST on the face value of online gaming and casinos by the first quarter of next financial year, two officials said adding that some of these firms have approached various courts over their accumulated tax dues since 2017, and that the law will take …

Nearly A Dozen Online Real-Money Gaming Companies Slapped With Rs 55 Cr Tax Notices: Report
1 year, 2 months ago

Nearly A Dozen Online Real-Money Gaming Companies Slapped With Rs 55 Cr Tax Notices: Report

ABP News  

Approximately 12 online real money gaming companies are facing pre-show cause notices from the Directorate General of GST Intelligence regarding their tax liabilities amounting to Rs 55,000 crore, as reported by the Economic Times. In 2022, Gameskraft Technology, an online gaming company based in Bengaluru, was served a tax notice amounting to Rs 21,000 crore, marking the largest such claim …

Only intention of online gaming companies is to make money through inducements and addiction, Tamil Nadu govt. tells Madras High Court
1 year, 4 months ago

Only intention of online gaming companies is to make money through inducements and addiction, Tamil Nadu govt. tells Madras High Court

The Hindu  

The argument related to rummy and poker being games of skill and not games of chance can at best be raised by players and not the online gaming companies whose only intention is to make money through inducements and consequent addiction, the State government argued before the Madras High Court on Monday. Should not the State be worried about this?” …

Mint Explainer: What do GST law amendments say?
1 year, 4 months ago

Mint Explainer: What do GST law amendments say?

Live Mint  

The Parliament on Friday approved legislative changes for implementing the Goods and Services Tax Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. After nearly three years of deliberations, the GST Council last month decided to ensure that ‘the chance to win’, or in …

Parliament clears 28% GST on online gaming, casinos
1 year, 4 months ago

Parliament clears 28% GST on online gaming, casinos

Live Mint  

New Delhi: The Parliament has approved the necessary legislative modifications for implementing the Goods and Services Tax Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. A simplified but mandatory GST registration for overseas platforms offering online money gaming services to Indian consumers, and …

Parliament clears 28% GST on online gaming, casinos, horse racing clubs
1 year, 4 months ago

Parliament clears 28% GST on online gaming, casinos, horse racing clubs

Live Mint  

New Delhi: Parliament on Friday approved legislative changes required to implement the Goods and Services Tax Council's decision to ensure that 28% tax is paid on the full value of deposits made by players to online gaming platforms, horse racing clubs and to casinos from 1 October. In the case of online gaming platforms, 28% GST applies only where wagering …

Parliament paves way for 28% GST on online gaming
1 year, 4 months ago

Parliament paves way for 28% GST on online gaming

The Hindu  

The Parliament on Friday cleared amendments to the Goods and Services Tax laws to facilitate the levy of 28% GST on the face value of all bets made in casinos, horse-racing and online gaming. Approved by the GST Council earlier this month, the legislative changes, moved through the Integrated GST Bill, 2023 and The Central GST Bill, 2023, include a …

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs
1 year, 4 months ago

Central GST (Amendment) Bill To Be Tabled To Include 28% GST On Online Gaming, Casinos, Horse Race Clubs

Live Law  

The Union Finance Minister Nirmala Sitharaman will introduce the Central Goods and Services Tax Bill, 2023.The Goods and Services Tax will be levied at a rate of 28% on online gaming, gambling, and horse racing under legislation that the Centre plans to introduce in the Lok Sabha.Online gaming, online gambling for money, virtual digital assets used to purchase online games,. …

MPL cuts half of workforce amidst 28% GST regime for online gaming
1 year, 4 months ago

MPL cuts half of workforce amidst 28% GST regime for online gaming

India TV News  

Mobile Premier League, a prominent homegrown online gaming platform, is reportedly downsizing its workforce by nearly 50%, impacting approximately 350 jobs. This move comes as the 51st GST Council meeting maintained a 28% tax on gross value collected from online gaming, prompting MPL to take measures to address its financial challenges. Industry experts argue that this tax approach, targeting GST …

Bengaluru-based MPL to lay off 350 employees
1 year, 4 months ago

Bengaluru-based MPL to lay off 350 employees

Hindustan Times  

Bengaluru-based skill gaming company Mobile Premier League is set to lay off 350 people from its workforce, according to the mail sent by the company to its employees. In July, Union Finance Minister Nirmala Sitharaman in New Delhi said that the GST council has decided to levy 28% GST on online gaming, horse racing and casinos at full value. Karnataka …

28% GST on online gaming: How will new tax work for players and companies
1 year, 4 months ago

28% GST on online gaming: How will new tax work for players and companies

Business Standard  

The Goods and Services Tax Council, in its 51st meeting on August 2, 2023, decided to stick to its earlier decision to impose a 28 per cent tax on the full face value of the bets placed on online gaming, casinos and horse-trading. Earlier tax norms for the online gaming industry Before the GST Council's decision, the online gaming industry …

GST Council sticks to its guns, imposes 28% tax on online gaming
1 year, 4 months ago

GST Council sticks to its guns, imposes 28% tax on online gaming

The Hindu  

The GST Council on August 2 blinked a little on technicalities and kept the door open for a review down the road, but stuck to its earlier decision to impose a 28% levy on the full face value of bets placed on online gaming, casinos and horse racing, with an eye on implementing it from October 1. Tamil Nadu Finance …

GST council meet: 28% tax on online gaming effective from Oct 1, announces FM
1 year, 4 months ago

GST council meet: 28% tax on online gaming effective from Oct 1, announces FM

Hindustan Times  

28% tax on online gaming to become effective from October 1, finance minister Nirmala Sitharaman announced on Wednesday. Union Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary and Revenue Secretary Sanjay Malhotra during the 51st Goods and Services Tax Council Meeting. The finance minister said Delhi finance minister opposed the levy of the tax on online gaming …

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months
1 year, 4 months ago

GST Council Keeps 28% Tax on Online Gaming, To Be Effective From Oct 1, Review After 6 Months

News 18  

GST Council Meeting on Online Gaming: The 51st GST Council, chaired by Union Finance Minister Nirmala Sitharaman, on Wednesday decided to keep the 28 per cent tax on online gaming, casino and horse racing, and discussed the modalities to implement it. Addressing media after the Council meeting, Sitharaman said the 28 per cent GST on online gaming is expected to …

51st GST Council At 4 pm Today To Finalise Modalities For 28% Tax On Online Gaming
1 year, 4 months ago

51st GST Council At 4 pm Today To Finalise Modalities For 28% Tax On Online Gaming

News 18  

Union Finance Minister Nirmala Sitharaman will chair the 51st GST Council meeting via videoconferencing in New Delhi on Wednesday, August 2, at 4 pm. During the meeting, the GST Council is likely to finalise the modalities for determining supply value in online gaming and casinos for levying 28 per cent tax. @nsitharaman will chair the 51st GST Council meeting via …

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman
1 year, 4 months ago

28 per cent tax on online gaming to be implemented from October 1: Nirmala Sitharaman

India TV News  

Union Finance Minister Nirmala Sitharaman on Wednesday said that a 28 per cent tax on online gaming will come into effect from October 1, 2023. She said that the decision to levy the stipulated tax on the full face value of bets placed on online games will be implemented from October 1 despite calls from states like Goa and Delhi. …

GST Council To Meet On August 2 On Online Gaming, Casino Rules: Reports
1 year, 4 months ago

GST Council To Meet On August 2 On Online Gaming, Casino Rules: Reports

News 18  

The GST Council is likely to meet on August 2 via videoconferencing to take a final decision on the 28 per cent GST on online gaming, casinos and race courses, according to media reports. However, the GST Council is expected to resolve whether the 28 per cent GST will be levied on entry value or each bet. On July 11, …

Video-gaming firms write to PMO seeking distinction from real-money gaming industry
1 year, 4 months ago

Video-gaming firms write to PMO seeking distinction from real-money gaming industry

The Hindu  

As many as 45 video game companies in India on July 26, 2023, wrote to the Prime Minister’s Office and to the Ministries of Information & Broadcasting, and Electronics & Information Technology, seeking to put distance between themselves and the real-money gaming industry, amid the ‘widespread confusion’ caused by the latter being referred to as ‘online gaming’. “‘Online Games’ is …

GST Council to meet on August 2 to finalise 28% online gaming tax: Report
1 year, 4 months ago

GST Council to meet on August 2 to finalise 28% online gaming tax: Report

India Today  

The Goods and Services Tax Council is scheduled to meet on August 2 to make crucial decisions on taxing funds collected by online gaming companies and casinos, reported news agency Reuters quoting a government official. The council, chaired by Finance Minister Nirmala Sitharaman and consisting of state finance ministers, will deliberate on whether to impose a 28 per cent tax …

Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established
1 year, 5 months ago

Online Gaming GST Tax Rajeev Chandrasekhar MeitY Approach Council Once Sustainable Framework Is Established

ABP News  

Minister of State Rajeev Chandrasekhar announced at an event that the Ministry of Electronics and Information Technology, responsible for regulating online gaming, plans to approach the GST Council to reconsider the decision to impose a 28 per cent tax on online gaming. In a recent tweet, Chandrasekhar acknowledged the evolving nature of the regulatory framework for online gaming, emphasising the …

Explained | Will 28% GST on online gaming affect its growth?
1 year, 5 months ago

Explained | Will 28% GST on online gaming affect its growth?

The Hindu  

The story so far: At the recently concluded 50th GST Council meeting, it was decided that online gaming would be taxed at 28% on the full-face value of the placed bets. Malay Kumar Shukla, secretary at the industry body E-Gaming Federation, termed the decision “extremely unfortunate”, saying “a tax burden where taxes exceed revenues will not only make the online …

Govt Has Played A ‘Game Over KO’ To Online Gaming Firms With 28% Tax
1 year, 5 months ago

Govt Has Played A ‘Game Over KO’ To Online Gaming Firms With 28% Tax

ABP News  

Look at the spectacle we have here. The government, in an Armageddon move that no one saw coming, has decided to slap a gigantic 28% GST on the “full deposit value” of online gaming. EXPLAINED: Impact Of New GST Rules On Cinema Halls, Automobile Sector, Online Gaming You Can’t Squeeze Water From Stone While everyone was thinking that the game …

Online Gaming GST Council 28 percent Nirmala Sitharaman India Industry Reaction Ashneer Grover Twitter
1 year, 5 months ago

Online Gaming GST Council 28 percent Nirmala Sitharaman India Industry Reaction Ashneer Grover Twitter

ABP News  

During its 50th meeting on Tuesday, the Goods and Services Tax Council announced a 28 per cent tax for online gaming, casinos, and horse racing, for full face value. Therefore they will be taxable on full face value at 28 per cent.” Online Gaming GST: How The Industry Is Reacting The country’s gaming industry didn’t take the GST announcement in …

IT drags Sensex below 65,400, Nifty ends 55 pts lower; Infosys, Adani Ent shed
1 year, 5 months ago

IT drags Sensex below 65,400, Nifty ends 55 pts lower; Infosys, Adani Ent shed

Live Mint  

Share Market Today: Sensex and the Nifty ended in the red after a sharp fall towards the end with IT stocks dragging the market, while PSU Bank sector remained steady. Share Market Noon Update: Sensex and Nifty shed marginally after remaining in green most of the session; IT sector drags with gaming cos feeling the heat of GST decision View …

T.N. underlines ban on online games in GST council meeting
1 year, 5 months ago

T.N. underlines ban on online games in GST council meeting

The Hindu  

The Tamil Nadu government on Tuesday, July 11, 2023 told the GST Council that any decision by it on online games should conform to the Tamil Nadu Prohibition of Online Gambling Act, 2022. During the 50th meeting of the Goods and Services Tax Council chaired by Union Finance Minister Nirmala Sitharaman in Delhi on Tuesday, Finance Minister Thangam Thennarasu urged …

’Implementation of 28% GST rate will bring challenges to online gaming industry’
1 year, 5 months ago

’Implementation of 28% GST rate will bring challenges to online gaming industry’

Live Mint  

Finance Minister Nirmala Sitharaman on Tuesday said that the GST Council has decided to impose 28% tax on the turnover of online gaming, horse racing and casinos on full face value. The tax on online gaming companies would be imposed without making any differentiation based on whether the games required skill or were based on chance. E-Gaming Federation, whose members …

GST Council Meet: 28% Tax Imposed On Online Gaming On Full Face Value
1 year, 5 months ago

GST Council Meet: 28% Tax Imposed On Online Gaming On Full Face Value

ABP News  

The Goods and Services Tax Council, which is the body that decides on GST rates on Tuesday announced levying a 28 per cent tax on online gaming, casinos and horse racing would and that the tax would be levied on full face value. According to Sudhir Mungantiwar, Maharashtra's forest cultural and fisheries minister, the body has decided to do away …

Delta Corp shares in focus after GST Council clears 28% tax on online gaming
1 year, 5 months ago

Delta Corp shares in focus after GST Council clears 28% tax on online gaming

Live Mint  

Shares of Delta Corp Ltd will be in focus on July 12 after the goods and services tax council at its 50th meeting on July 11 decided to levy a 28 per cent GST rate on the full value of gaming, horse racing, and casinos - which comes as a drawback to online gaming companies. "Will bring an amendment to …

‘Time for startup founders to enter politics’: Ashneer criticises 28% GST on online gaming
1 year, 5 months ago

‘Time for startup founders to enter politics’: Ashneer criticises 28% GST on online gaming

Hindustan Times  

BharatPe founder Ashneer Grover strongly criticised the recent decision of the Goods and Services Tax Council to impose a 28% GST on online gaming at the full value. He continued, “Time for startups Founders to enter politics and be represented - or this is going to be spate industry after industry.” Ashneer Grover on 28% GST on online gaming. 28% …

Real money gaming industry reacts with shock to GST on deposits
1 year, 5 months ago

Real money gaming industry reacts with shock to GST on deposits

The Hindu  

The real money gaming industry, which comprises fantasy gaming apps, poker and rummy apps, and other such services where players can risk money for winnings, denounced the GST Council’s decision on Tuesday to tax players’ entire deposits as opposed to the commission charged by the firms. “We believe this decision by the GST Council is unconstitutional, irrational, and egregious,” Roland …

GST Council to impose 28% tax on online gaming firms
1 year, 5 months ago

GST Council to impose 28% tax on online gaming firms

The Hindu  

The Goods and Services Tax Council, at its 50th meeting on July 11, reduced or clarified the tax rate on some items ranging from uncooked or unfried snack pellets to special utility vehicles, exempted imported drugs to treat cancer and rare diseases, and brought an end to a years-long debate on tax treatment of online gaming, casinos and horse racing. …

28% GST on online gaming, horse racing, casinos on full face value. Explained
1 year, 5 months ago

28% GST on online gaming, horse racing, casinos on full face value. Explained

Hindustan Times  

The Goods and Services Tax Council decided to levy 28% GST on online gaming, horse racing and casinos at full value, Union Finance Minister Nirmala Sitharaman said after the conclusion of the council's 50th meet in New Delhi on Tuesday. Nirmala Sitharaman addressing the Press Conference after 50th GST Council meeting held today at New Delhi There were deliberations on …

50th GST council meeting: Setback for online gaming, horse racing, casinos; to attract 28% tax
1 year, 5 months ago

50th GST council meeting: Setback for online gaming, horse racing, casinos; to attract 28% tax

India TV News  

In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos. The GST Council, which held its 50th meeting under the chairmanship of Union Finance Minister Nirmala Sitharaman, decided to remove the distinction of game of skill and chance …

Online Gaming Companies Are Providers of Service and Should be Taxed As Such
1 year, 5 months ago

Online Gaming Companies Are Providers of Service and Should be Taxed As Such

Deccan Chronicle  

Hyderabad: The taxation policy on gaming has proven to be a contentious issue with the industry and the GoM taking contrarian views on what rate and value the online gaming platforms should be taxed at. However, in a recent report, it was noted that the key contention for decision making is whether the prize pool which is the “actionable claim” …

Online Rummy Games Played Are Not Taxable As ‘Betting’ And ‘Gambling: Karnataka High Court Quashes GST Intimation Notice Demanding Rs. 21,000 Crores Against Gameskraft
1 year, 7 months ago

Online Rummy Games Played Are Not Taxable As ‘Betting’ And ‘Gambling: Karnataka High Court Quashes GST Intimation Notice Demanding Rs. 21,000 Crores Against Gameskraft

Live Law  

The Karnataka High Court has quashed the GST Intimation Notice to the tune of Rs 21,000 crore and held that online/electronic/digital Rummy games and other Online/Electronic/Digital games played on Gameskraft’s platforms are not taxable as "betting" and "gambling".The bench of Justice S.R. The Karnataka High Court has quashed the GST Intimation Notice to the tune of Rs 21,000 crore and …

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