All Posts by admin

MoS Finance Pankaj Chaudhary answers questions in Parliament on 28% GST on online gaming

Congress MP Manish Tewari questioned Minister of State for Finance Pankaj Chaudhary in the Lok Sabha on Monday over 28% GST on online gaming, casinos and horse racing. Tewari asked if the government is engaged in any deliberations regarding the imposition of the new tax rate and whether the government has contemplated the consequences of […]
The post MoS Finance Pankaj Chaudhary answers questions in Parliament on 28% GST on online gaming appeared first on G2G News.

Read More

Exclusive: Proposed GST amendments target offshore firms, to tax every deposit

Offshore gaming firms will be mandated to register under GST Law according to the proposed amendments accessed by Team G2G. The amendments are in the backdrop of the GST Council approval to impose 28% tax rate uniformly across online gaming, casinos, and horse racing. GST Council is meeting on Wednesday to approve the proposed amendments […]
The post Exclusive: Proposed GST amendments target offshore firms, to tax every deposit appeared first on G2G News.

Read More

Yudiz Solutions IPO to open on August 4 on NSE Emerge

The IPO for blockchain, AI, and game development firm Yudiz Solutions Ltd will open on August 4, 2023 as per director Suraj Chokhani, who revealed the details in a LinkedIn post today. As reported earlier, the listing will take place on the National Stock Exchange’s NSE Emerge platform. The lot size comprises 800 shares of […]
The post Yudiz Solutions IPO to open on August 4 on NSE Emerge appeared first on G2G News.

Read More

DGGI hands two more show-cause notices worth Rs 3000 crore for alleged tax evasion

Two more online gaming companies has been handed show-cause notices by the Directorate General of Goods and Services Tax Intelligence (DGGI) for alleged tax evasion amounting to Rs 3,000 crore. The notice handed to these companies are similar to what Bengaluru-based Gameskraft Technology received for alleged GST evasion back in September 2022. Speaking to moneycontrol, […]
The post DGGI hands two more show-cause notices worth Rs 3000 crore for alleged tax evasion appeared first on G2G News.

Read More

Realme Narzo 60 5G: Should you consider this for gaming?

Realme Narzo 60 5G was recently unveiled by the brand. While many reckon that this phone has a striking similarity to the Realme 11 Pro in terms of design and build, it offers much more. It is also being considered as a good device for those looking for a gaming smartphone under a tight budget. […]
The post Realme Narzo 60 5G: Should you consider this for gaming? appeared first on G2G News.

Read More

Understanding ‘Black Friday’ significance in Poker

United States v. Scheinberg, commonly known as the “Black Friday” case, was a landmark legal proceeding in the United States that had a significant impact on the online gambling industry, particularly in relation to online poker. The case revolved around the prosecution of the founders and executives of three major online poker companies: PokerStars, Full […]
The post Understanding ‘Black Friday’ significance in Poker appeared first on G2G News.

Read More

AIGF writes to Revenue Secy Sanjay Malhotra requesting reconsideration of 28% GST on online gaming

After online gaming firms and investors, the All India Gaming Federation (AIGF) has written to the Centre, addressing a letter to Revenue Secretary Sanjay Malhotra regarding reconsideration of the GST Council’s decision to levy 28% tax on full face value amount. AIGF stated that it has over 120 online skill gaming companies as members, totaling […]
The post AIGF writes to Revenue Secy Sanjay Malhotra requesting reconsideration of 28% GST on online gaming appeared first on G2G News.

Read More

Top 5 gaming smartphones launching soon in India

Want to upgrade your old mobile device to the latest tech, featuring some of the best hardware components currently available and support. Worry not as we provide you information with some of the best gaming smartphones launching this year. These devices can easily run all the games like BGMI, Call of Duty Mobile, Free Fire, […]
The post Top 5 gaming smartphones launching soon in India appeared first on G2G News.

Read More

Kerala: 11 women civic body workers bag Rs 10 crore lottery

Kerala state government’s 2023 Monsoon Bumper lottery results have brought in great tidings for eleven municipality workers in Kerala who have won a total of Rs 10 crore jackpot jointly. All 11 are a part of Haritha Karma Sena, which provide a state Kudumbashree Mission green army tasked with collecting non-biodegradable waste from doorsteps and […]
The post Kerala: 11 women civic body workers bag Rs 10 crore lottery appeared first on G2G News.

Read More

Goa: BJP MLA suggests legalising ‘Matka gambling’ to increase exchequer revenue

Amidst the debate on the new GST rate, BJP MLA in Goa, Michael Lobo, proposed that the government should include “Matka Gambling” in the state lottery. This will further help the state exchequer collect more revenue through GST. “Matka is profitable. It is operated in all constituencies. If it is brought under lotteries, then the […]
The post Goa: BJP MLA suggests legalising ‘Matka gambling’ to increase exchequer revenue appeared first on G2G News.

Read More