online gaming

September 2023

Delta Corp shares crash 20% after ₹16,822 cr tax notice

Delta Corp received notices worth ₹16,822 crore from the Directorate General of GST Intelligence for payment of shortfall tax.

By fortuneindia.com

August 2023

Parliament passes GST amendment bills defining online money gaming, use of crypto assets

The Integrated Goods and Services Tax (Amendment) Bill, 2023 too was passed by the Parliament today.

By Ashutosh Kumar

FM to table CGST, IGST amendment bills today to tax online games at 28%

The amendments aim to provide enabling provisions to tax online games at 28%.

By Ashutosh Kumar

Mobile Premier League sacks 350 employees over 28% GST on online gaming

The country's popular gaming platform has cited the 28% GST proposed on online gaming platforms from October 1 as the primary reason behind the recent layoffs

By fortuneindia.com

GST Council likely to define online gaming, virtual digital assets tomorrow

Clarifications and clear definitions of various aspects of monetary bets, deposits, use of digital virtual assets in the gaming ecosystem are likely to be taken up by the GST Council.

By Ashutosh Kumar

28% GST on online games to stay; Council meet may discuss law tweaks, clarifications

Amid major push back from the online gaming industry against the 28% GST imposed on the sector last month, the Centre has indicated that the high slab on the sector is here to stay.

By Ashutosh Kumar

July 2023

India's entertainment & media industry to reach $73.6 bn by 2027: PwC

The OTT market will continue to grow at a 14.3% CAGR to produce revenue of $3.5 billion in 2027, says PwC

By fortuneindia.com

127 cos write to PM, FM; seek reversal of 28% tax on online gaming

Online gaming players say the decision has caused "significant distress" in the industry, and that it'll reverse the growth the gaming industry in India has seen so far

By fortuneindia.com