Gaming and GST – The Hindu BusinessLine

Gaming and GST – The Hindu BusinessLine

The Indian online gaming sector represents one of the fastest growing sectors in the media and entertainment space. Favorable demographics, technology, smartphone penetration with immersive graphics, affordable data services have given a turbo boost to the sector. As the sector draws on massive growth potential, there are regulatory and fiscal challenges against the backdrop of … Read more

TN approves ordinance to ban online gambling in the state

TN approves ordinance to ban online gambling in the state

The Tamil Nadu Cabinet headed by Chief Minister MK Stalin on Monday approved an ordinance to ban online gambling in the state. The scheme will be announced after getting the assent of Governor RN Ravi, a government release said. On 10 June, Stalin announced in the Assembly the formation of a committee headed by former … Read more

Gaming company sues streamer for cheating and threatens to burn down headquarters

Gaming company sues streamer for cheating and threatens to burn down headquarters

Bungie, the developers of the popular game Destiny 2, is suing Twitter streamer Luca Leone for $150,000, alleging that he cheated in the game, threatened to burn down their headquarters and threatened one of their employees. The lawsuit alleges that Leone, who tweets under the handle @inkcel, used third-party software to “gain an unfair advantage … Read more

Minecraft, Grand Theft Auto, Fortnite

Minecraft, Grand Theft Auto, Fortnite

Screenshot: Rockstar games While new titles compete for audiences, games such as Minecraft, Grand Theft Auto V, and The Sims 4 are still some of the most played games in the United States, with nearly a decade or more removed from their original releases. In fact, these are only three of the ten most played … Read more

Taxation: The right bet on online gambling

Taxation: The right bet on online gambling

By Malay K Shukla The Ministerial Group (GoM) for Casinos, Racecourses and Online Games met for the first meeting earlier this month to discuss the rate and modality of goods and services (GST) to be levied by these industries. Members of GoM have since stated through various external interactions that there have been advanced discussions … Read more

The online gaming industry is against the 28% tax framework; requires 18% VAT

The online gaming industry is against the 28% tax framework;  requires 18% VAT

The online gaming industry has given the government a speech against raising GST rates to protect the industry from growth. Several industry experts have demanded a continuation of the 18% GST on online gambling, and are against the industry’s clubs in the 28% class along with racing, gambling and betting. The move was taken after … Read more