A division bench of the Delhi High Court comprising of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula today heard a PIL filed by NGO SOCH challenging the IT Rules pertaining to online gaming as being arbitrary, unconstitutional and ultra vires the parent legislation. The government counsel termed the matter as proxy litigation and […]
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Banned betting website Lotus365 was the biggest advertiser in print media during the January-March quarter according to a report by TAM Media Research’s Tam AdEx. While it’s not surprising to find illegal betting websites’ widespread presence on social media in recent times, it sure is a mystery as to how these advertisements make their way […]
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In another successful action against Mahadev Book, an illegal online betting platform, Raipur Police have arrested another 23 individuals operating from Chhattisgarh, Odisha and Andhra Pradesh. According to the report, the police uncovered 150 accounts across 12 banks that contained around Rs 45 lakh. The bank accounts have been frozen, and the police have seized […]
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Revenue Secretary Sanjay Malhotra recently talked about the decision on tax rate announced by the GST council during an interview with CNBC. Malhotra informs that the decision came neither from the centre nor any state individually but was agreed upon unanimously. He further clarified again that the GST rate will be 28% and will be […]
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In a piece of good news for esports enthusiasts, the Madhya Pradesh sports department is launching the country’s first-ever online gaming academy next month. During the MP State Junior Esports Championship, which is scheduled to take place from July 23 to August 7, a talent hunt will also be carried out. As per sports minister […]
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Karnataka Information Technology and Bio Technology minister Priyank Kharge opposed the decision of the GST Council to impose 28% tax rate on full face value amount on online gaming. Talking about the impact, the IT minister said that the decision might potentially hinder India’s goal to become a US$ 1 trillion digital economy by 2025. […]
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The recent announcement made by the GST Council has disappointed the entire online gaming industry who believe that many companies will now face a heavy tax burden and slower overall growth. The Council did not make any difference between skill-based and chance-based games, and the companies will have to pay 28% GST on full face […]
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State representative on the GST council and Goa Transport Minister Mauvin Godinho believes that the tax hike on casinos would harm the sector moving forward and called it “a negative factor for the industry.” Goa was already in support of taxation on gross gaming revenue (GGR) and not on full face value. Godinho said that […]
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The Goods and Services Tax (GST) authorities are set to initiate fresh tax demand notices against 40 online gaming companies, according to a report by Economic Times. This follows the GST Council on Tuesday approving a flat 28% levy on online gaming alongside casinos and horseracing. On Wednesday, we were the first to report on […]
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The online gaming industry was dealt a heavy blow yesterday after the GST Council announced 28% tax rate on full face value amount. Entrepreneur Ashneer Grover of Shark Tank fame, who recently stepped into the fantasy sports space with his venture CrickPe, shared his frustration on the development. Much like others, Grover, through his Tweet, […]
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