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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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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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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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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Dream Sports, the parent company of online fantasy gaming platform Dream 11, has reportedly approached the Bombay High Court, filing a writ petition against the tax notice served by the GST authorities for alleged tax evasion. As per Inc42 and Moneycontrol, the tax amount demanded is estimated to be around Rs 40,000 crore which is […]
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With the number of GST show cause notices being issued to online real money gaming firms, some officials in the Finance Ministry are now concerned about the sustainability of the real money gaming industry itself as the quantum of amounts is very large. The officials believe a “considerate view” is required so that the industry […]
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The Directorate General of GST Intelligence (DGGI) is now planning to investigate 100 more online gaming firms for possible GST evasion. The decision comes in light of the Supreme Court’s order to stay the Karnataka High Court’s judgement in the Gameskraft case. “There are over 100 companies registered domestically with online gaming federations. We will […]
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Esports matches in the ongoing Asian Games 2022 commenced yesterday at the Hangzhou Esports Centre, China with EA Sports FC Online and Arena of Valor. Two players from India, Charanjot Singh and Karman Singh Tikka, represented India in FC Online. Unfortunately, both of them lost and were eliminated after the fierce competition provided by other […]
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Developer of Pokémon GO, Niantic has revealed their plans to 10x their user base in India in three years time. The company will also put India on their top five markets around the globe. The company recently added the support for Hindi language to further improve the users based and also announced its plan to […]
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Japanese video game developer and publisher Capcom is looking to expand into new markets and according to Chief Operating Officer of the company Haruhiro Tsujimoto, it may see substantial growth in India. The company is known for some of the most iconic video games like Street Fighter, Megaman, Devil May Cry and Resident Evil series. […]
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