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Lumikai, General Catalyst seed $2 million in casual game developer QuriousBit

Casual gaming startup QuriousBit has announced that the company successfully raised $2 million during its seed funding round. Notably, the round was led by gaming and interactive media venture firm Lumikai. Additionally, General Catalyst also joined the round as co-investors. QuriousBit is planning to make fun and engaging casual puzzle games on mobile devices for […]
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Goa: State govt notifies 28% GST, but not hopeful of collecting Rs 1000 crore in tax revenue this fiscal

Goa state government has seemingly given up on Rs 1,000 crore of potential tax revenue meant to be collected in the form of GST from casinos this year as the latter are likely to contest the notices received. As a result, the state government believes that the new fiscal year will begin before the tax […]
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Tech and gaming lawyer Jay Sayta on GST notices to RMG companies, 28% tax rate implementation

In a recent interview with ET NOW, technology and gaming lawyer Jay Sayta talked about the ongoing tax notice spree by the Directorate General of GST Intelligence (DGGI) to real money gaming companies as well as the 28% GST rate that will be implemented soon. Sayta explained that as per the government, there is 28% […]
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Makers of Taarak Mehta Ka Ooltah Chashmah foray into gaming, animation, e-commerce

Neela Films, the producer of television show ‘Taarak Mehta Ka Ooltah Chashmah’ (TMKOC), is foraying into gaming, animation, and e-commerce with its new venture Neela Mediatech Pvt. Ltd. The company has infused Rs 24 crore along with the rights to the IP, TMKOC. With this, the company aims to diversify and extend the show’s IP. […]
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Big Daddy Casino – The Undisputed Best Casino in Goa

When it comes to seeking an unparalleled casino experience in the vibrant state of Goa, one name stands out as the epitome of luxury, excitement, and entertainment: Big Daddy Casino. Nestled amidst the pristine waters of the Mandovi River, this establishment has earned its reputation as the best casino in Goa. 1. World-Class Entertainment: Big […]
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Exclusive: Dream11 challenges GST Law provisions before Bombay HC after Rs1221 crores notice

Unicorn fantasy gaming operator Dream11 challenged the validity of certain provisions of GST Law before the Bombay High Court after it received a tax notice of Rs 1221 crores for the financial years 2017-18 and 2018-19. While proceedings against GamesKraft for Rs 21,000 crore tax dues were initiated by DGGI which is under the central […]
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Ashneer Grover slams GST Dept over ‘retrospective’ tax notice to RMG Cos

Latest GST notices to real money gaming firms are now making noise among the industry stakeholders. One after another, the RMG industry is being bombarded with problems. Founder of online fantasy gaming platforms CrickPe, Ashneer Grover also shared his views and disappointment on the matter. Taking his views on ‘X’, Grover questioned the thorough process […]
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MeitY may shun idea of self-regulation if SRBs are dominated by major online gaming firms

The Ministry of Information and Technology (MeitY) may consider dissolving its plan to establish self-regulatory bodies (SRBs) to oversee the online gaming sector if major companies gain influential positions within them, resulting in lack of independent decision-making. Reports suggest that in such a case the government itself will certify permissible games. As of now, a […]
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Report: 52nd GST council meeting to be held on October 7

The 52nd GST council meet is scheduled to be held on 7th October 2023 at the Vigyan Bhawan in New Delhi. The council is expected to discuss the implementation of 28% GST on online gaming, casinos and horse racing. As of now, only a few states have passed the new GST amendments. Three states including […]
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GST intelligence’s tax demand from RMG Cos breaches Rs 50,000 crore-mark

Directorate General of GST Intelligence (DGGI) sent notices to three real-money gaming companies for GST dues. With these notices, the amount for alleged tax evasion has crossed the Rs 50,000 crore-mark. As of now the three notices are handed to Play Games24x7 for Rs 20,000 crore, Head Digital Works for Rs 5,000 crore and Dream […]
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