Despite challenges, online gaming set to be ₹23,100-cr industry in India this year
Online gaming set to grow 20% in FY25; the number of gamers soars to 442 mn in India, the second-largest gaming user base globally after China, says a whitepaper
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Online gaming: GST hike pauses FDI, 33% firms face losses, 17% seek buyers
There has been no FDI post-October 1, 2023, in the online gaming sector that attracted $2.6 billion since 2019, says a report by EY and USISPF
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.
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.
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
