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.
online gaming
August 2023
July 2023
May 2023
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%.
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
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.
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.
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
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
Online gaming industry fears lakhs of job cuts after GST hike
The only winners will prove to be "illegal" offshore gambling and betting platforms, says Roland Landers, CEO of the All India Gaming Federation.
Delta Corp, Nazara shares plunge up to 28% on GST rate hike on online gaming
The GST Council has proposed to levy 28% uniform tax on online gaming, casinos and horse racing.
ED raids offshore online gaming companies for FEMA violations
These online gaming companies are registered in small island countries like Curacao, Malta and Cyprus.
