Online gaming industry has signed 'Code of Ethics for Online Gaming Industries' at the Indian Gaming Convention to commit to building a safe digital gaming industry with a focus on user protection.
Nirmala Sitharaman said the Centre plans to move the amendments on taxing online gaming at 28% in the ongoing session of the parliament.
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.
Investors rue the latest decision to impose proposed GST on 'full value of bets' will increase tax burden by 1,100%, and 50-70% of every rupee will go towards GST, making biz model “unviable”
KRAFTON CEO says company’s approach has always been India-first; game was banned in India in July 2022 over security-related concerns
India may see users shifting from legitimate online skill gaming platforms to offshore online illegitimate gambling and betting platforms, says a white paper by law firm Lakshmikumaran & Sridharan.
