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Betway which operates betting platform in India in a shady and illegal manner has announced shutting down of Indian business after introduction of 28% gst on offshore gambling operators. The government has announced 28% gst on offshore gambling operators effective today with Principal Commissioner, Central Tax, Bengaluru West as the authority to issue registrations. The […]
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Fantasy gaming industry body FIFS earlier this week has written to the Sanjay Malhotra, Revenue Secretary seeking immediate implementation of the new tax regime of 28% on full face value. It is worth noting that the union government this Friday has notified 1st October as the effective date for amendments under the CGST Act. The […]
The post Exclusive: Industry body FIFS seeks separate GST SAC code for online gaming appeared first on G2G News.

The four arrested in Mahadev Book illegal betting app case were presented at the special court on Friday, September 29. During the hearing, their judicial remand was once again extended till Friday, October 13. The accused were present before the court through video conferencing, wherein Special Judge Ajay Singh Rajput heard arguments. The lawyer representing […]
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The centre on Friday notified 1st October as effective date for 28% tax rate for online gaming, casinos and horseracing. However, several states are yet to make corresponding amendments to the SGST Laws. This is probably the first time where the central government has notified changes to GST regime without there being corresponding amendments by […]
The post 28% tax rate: Notifying CGST amendments without corresponding SGST amendments, creates anomaly and implementation nightmare appeared first on G2G News.

The Vizag Cyber police in Visakhapatnam have arrested 11 individuals for taking illegal bets using an online betting platform. The police have also frozen 63 bank accounts that were used in the operations. Earlier in the year, there were arrests made relating to the Mahadev Book app in the city. Moreover, 10 more individuals were […]
The post Visakhapatnam: 11 arrested in illegal online betting racket bust, Rs 75 lakh seized appeared first on G2G News.

The decision to implement 28% GST on full face value of initial deposits on online gaming, casinos and horse racing was taken at the 51st GST Council meeting on August 2 with the date of implementation being finalized as October 1. Ever since that the states have been working to bring the necessary amendments to […]
The post Centre notifies rules to implement 28% GST on online gaming from October 1 appeared first on G2G News.