Tag: Nirmala Sitharaman

Nirmala Sitharaman

11 Sep, 2024 New GST Tax Rates On RMG Brought In ₹6909 Cr, Says FM Nirmala Sitharaman

India’s Finance Minister Nirmala Sitharaman shared an interesting update at the 54th GST Council Meeting about the new tax rates on real-money gaming. The FinMin announced the Government had a windfall of ₹6909 Cr. Prior to the increase in the tax rates, the six-month collections ...

Nirmala Sitharaman

23 Jun, 2024 GST Council Offers No Relief For The Online Gaming Industry

Online gaming companies, which have been waiting for a review of the 28% tax regime, did not receive any relief from the Goods and Services Tax (GST) Council as the issue was not addressed during the Council’s meeting on Saturday (22nd June). During a press conference after the meeting,...

Nirmala Sitharaman

01 Feb, 2024 Union Budget 2024: Online Gaming Industry Reacts

The highly anticipated Union Budget 2024 was finally announced by the Finance Minister Nirmala Sitharaman. Just like any other leading industry, the online gaming sector was anxiously waiting to get more clarifications on the tax regime and regulations that will streamline and lead to m...

Nirmala Sitharaman

18 Jan, 2024 Union Budget 2024: Latest Updates On The Online Gaming Industry

The online gaming industry, consisting of various verticals like poker, rummy, and fantasy sports, among others, was amongst the fastest-growing spaces of the Indian economy in 2023. However, it has also been in the limelight for the wrong reasons, citing the periodic bans from various ...

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