The new GST regime for online gaming, casinos and horse racing starts Sunday, October 1 and the effects are now apparent as online gaming companies are now experiencing a surge in CVs for people employed at online gaming sector. New GST rate of 28% has reportedly brought a ton of problems in sustaining online gaming […]
The post Recruiters flooded with CVs after GST-affected layoffs in online gaming companies appeared first on G2G News.
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28% GST: How Dream11 and Games24/7, India’s unicorn gaming companies are navigating new tax regime
Indian fantasy operator Dream11 and unicorn real money gaming firm Games24/7 have decided to offer discount points or promo cash to users equal to the amount of GST. The changes are in backdrop of new tax regime of 28% tax on deposit amounts effective from today. The unicorn gaming companies said the deposit amounts will be […]
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The Government of Karnataka is now set to introduce a new gaming policy. Information Technology and Bio-Technology minister Priyank Kharge revealed that the state is in works for the new policy. With this, Kharge plans to make Karnataka as India’s leader in animation and gaming sector. This will further inspire the other states to also […]
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A 21-year-old from New Delhi has filed a false complaint with Delhi Police after allegedly losing money in online gambling. In his complaint, the person claimed that the was attacked by robbers with sharp weapons and took all the money. The person who filed the complaint was identified as Tushar Arora – a local from […]
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As one illegal betting platform announced its exit from the Indian market, another illegal betting website Crickex is now trying to make a name for itself among Indian users as it announces a partnership with actress Srabanti Chatterjee as its new brand ambassador. Chatterjee calls Crickex as a perfect match for her as the platforms […]
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Recently, various political leaders from the state of Chhattisgarh faced off wherein the ongoing probe against Mahadev Book was questioned. BJP’s state president Arun Sao was also present during the meet, and shared his strong views against the ruling party. President Arun Sao touched the topic on the ongoing investigation of illegal betting app and […]
The post Chhattisgarh: BJP accuses Bhupesh Baghel’s Govt in Mahadev Book betting case appeared first on G2G News.
Govt notifies online money gaming, gambling, casino under Customs Tariff Act with NIL rate
The central government this Saturday has notified specified actionable claims including online gambling and games as items with NIL rate under the heading 9807 of Schedule I of Customs Tarrif Act, 1975. The goods which are exported from and imported into India are subject to imposition of tax as per the provisions of the Custom […]
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Illegal betting platform Betway shuts Indian operations after 28% GST on offshore operators
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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