2364 Search Results For: "Gaming"
Poker17 Aug, 2023 EvenBet Gaming: One Stop Solution For Small Poker Communities And Private Clubs
Poker has grown tremendously in recent years in the country. It has seen many people showing interest in the card game and many have become pro players. From being a recreational activity to making a living out of it, we have seen a lot of poker enthusiasts go from playing online poker ...
Gaming03 Aug, 2023 28% GST On Online Gaming: What It Means For The Players?
The Goods and Service Tax (GST) Council sent waves of shock and unrest among the online gaming community after its 51st GST Council Meeting held on 2nd August 2023. The council upheld its previous decision to impose 28% GST on the face value of deposits made by a player. Previously, the...
Gaming02 Aug, 2023 Online Gaming Industry Reacts To The 28% GST On Online Gaming Decision
The latest decision of the Goods and Service Tax (GST) to levy a 28% tax on the face value of deposits made in online gaming has left the industry disheartened. The new tax regulation will have a massive negative impact on the industry. To understand better what this tax really means, c...
Gaming02 Aug, 2023 28% GST On Online Gaming Claims Its First Casualty In Quizy
Last month the GST Council announced that it would levy a 28% GST on online gaming. Post that, there has been a lot of unrest in the online gaming community since the tax would mean that brands have to pay more than their revenues as taxes. And this decision has recorded its first casua...
Poker01 Aug, 2023 Ministry Of Information And Broadcasting To Regulate Online Gaming Services And Advertisements
The Central government of India has issued an order that aims at bringing content providers such as online gaming services and online advertisements under the Ministry of Information and Broadcasting. President Draupadi Murmu issued a gazette notification stating that ‘films and A...
Gaming27 Jul, 2023 GST Council To Reconvene On 2nd August To Determine Tax On Online Gaming
The Goods and Services Tax (GST) Council is all set to meet on 2nd August 2023. They are all set to meet virtually and discuss the legal amendments necessary on the 28% levy on online gaming, casinos and horse racing. Earlier, Union Finance Minister Nirmala Sitharaman had stated that th...
Poker21 Jul, 2023 Ashneer Grover Calls Proposed GST Bill As ‘Existential Issue’ For The Gaming Industry
One of the most recognised entrepreneurs in India, Ashneer Grover, shared a post on his official Twitter account. The business tycoon, who recently ventured into the fantasy gaming industry with his app CrickPe explained the effect of the new GST rate on online gaming to the industry. H...
Gaming11 Jul, 2023 50th GST Council Meeting: Online Gaming, Casinos And Horse Racing Under Scanner
UPDATE 28% GST to be levied on online gaming, horse racing and casinos As per news reports, Finance Minister Nirmala Sitharaman stated that Group of Ministers (GoM) reached a consensus over levying 28% GST on full value of online gaming, horse racing and casinos. This will be applicable...
Gaming04 Jul, 2023 Madras HC Denies Interim Relief To Gaming Firms, Final Hearing On 13th July
The All India Gaming Federation (AIGF), alongside many online gaming firms, had filed writ petitions with the Madras High Court (HC), which were heard by a division bench consisting of Chief Justice Sanjay V. Gangapurwala and Justice PD Audikesavalu. The above-mentioned writ petitions w...
Poker03 Jul, 2023 What Is EvenBet Gaming? Here’s All You Need To Know!
The online poker space is booming like never before. The number of players that are actively playing and thriving in the industry has also spiked considerably in the past few months. This has also led to the number of online poker providers in the country. One such fast-emerging and pro...
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