Gaming News

Gaming News

Govt notifies Principal Commissioner, Central Taxes, Bengaluru West as authority to issue GST registrations for offshore gaming firms

The centre on Friday notified the Principal  Commissioner  of  Central  Tax, Bengaluru  West as appropriate authority to grant registrations to online gaming entities located outside in India but targeting Indian users. The notification will be effective from 1st October 2023. The government has decided to tax offshore gaming entities and necessary amendments were carried out […]
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Gaming News

Centre notifies rules to implement 28% GST on online gaming from October 1

The decision to implement 28% GST on full face value of initial deposits on online gaming, casinos and horse racing was taken at the 51st GST Council meeting on August 2 with the date of implementation being finalized as October 1. Ever since that the states have been working to bring the necessary amendments to […]
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Gaming News

Karnataka notifies ordinance to implement 28% GST on online gaming, casinos, horse racing

Ahead of the planned implementation of the new 28% GST regime for online gaming, casinos and horse racing from October 1, Karnataka government on September 29 passed an ordinance to amend their GST Act to incorporate the new policy. Karnataka had to take the ordinance route for the purpose as the state legislature is not […]
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Gaming News

Essential gaming equipment setup under Rs 5,000

Gaming is now emerging as one of the most popular hobbies, be it among the youngster looking to make a name in the competitive scene or adults looking for a fun time with friends on a casual game. As one cannot cut vegetables with a sword, in the same vein, one needs appropriate accessories for […]
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End and Beginning of an era for Counter Strike with CS2 launch

Counter Strike 2 is finally here with many changes including overhauled visuals, sound, utilities, new loadout system and to an extent the gun/game play too. Despite that, Valve kept the core gameplay for CS2 the same as CSGO. The update dropped directly over the CSGO servers on Thursday, September 28. The Steam page for CSGO […]
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MeitY puts SRB formation on hold, seeks ‘harmonisation’ of views among ministries

The Ministry of Electronics and Information Technology (MeitY) is learnt to have put on hold plans to form Self Regulatory Bodies (SRBs) due to lack of “harmonisation” of views on the online gaming industry among several ministries – IT, Finance, Law and Home. A senior government official who spoke to The Economic Times said, “There […]
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28% GST for online gaming & casinos set to miss implementation target of 1st October as states yet to pass amendments

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, […]
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Asian Games 2022: Street Fighter V and League of Legends India round-up

The Hangzhou Asian Games 2022 are currently under way. India is also taking part in many of the events, including four of the esports event out of seven planned this year. A total of 15 esports players represented the country across four games namely FIFA22, League of Legends, Street Fighter V and DOTA 2. Here’s […]
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Gaming News

28% GST on online gaming, casinos, horse racing likely to be reviewed in next fiscal year

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 […]
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Nagpur: Punter Sontu Gondia deserts city after bail denial

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 […]
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