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The proposed 28% GST implementation for online gaming, casinos, and racecourses is all set to miss the stated deadline of 1st October for implementation. While the centre has passed relevant amendments to CGST Act and IGST Act and notified the relevant rules, the corresponding amendments by certain states are still pending. As of 26 September, […]
The post 28% GST for online gaming & casinos set to miss implementation target of 1st October as states yet to pass amendments appeared first on G2G News.

The delay in bringing about amendments to the various states’ GST laws and its subsequent implementation is likely to shift the review of the new 28% GST rate on online gaming, casinos and horse racing to the next fiscal year. People aware of the matter revealed the online gaming companies are likely to approach the […]
The post 28% GST on online gaming, casinos, horse racing likely to be reviewed in next fiscal year appeared first on G2G News.

Police sources have now revealed that Sontu alias Anant Jain has fled Nagpur in a private vehicle after the Nagpur Bench of Bombay High Court rejected his bail application. He was ordered to appear at a police station on alternate days. During the investigation, the police officers got hold of Sontu’s WhatsApp conversations with various […]
The post Nagpur: Punter Sontu Gondia deserts city after bail denial appeared first on G2G News.

Goa’s tourism minister Rohan Khaunte questioned the need to have casinos in the state to boost tourism. He also raised the question about how much they have benefited the state. “Casinos are not needed for tourism in the state, but unfortunately tourism is currently dependent on casinos,” he said. Khaunte believes that there will be […]
The post If casinos are shut down, there will be no impact on tourist numbers: Goa Tourism Minister Rohan Khaunte appeared first on G2G News.

Gaming and sports media company Nazara Technologies has become the latest online gaming firm to receive a show cause notice from the GST authorities after Dream11, Games24x7, Gameskraft and Delta Corp. However, unlike those companies, it is not related to the retrospective tax issue. On September 27, the company revealed that they have received a […]
The post Nazara Technologies slapped with Rs 2.83 crore tax notice by DGGI appeared first on G2G News.

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 […]
The post Lumikai, General Catalyst seed $2 million in casual game developer QuriousBit appeared first on G2G News.

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 […]
The post Goa: State govt notifies 28% GST, but not hopeful of collecting Rs 1000 crore in tax revenue this fiscal appeared first on G2G News.