Google’s latest marketplace policy update have paved the way for apps containing asset that can be purchased and bought with digital tokens. “Today, we’re pleased to share that we’re updating our policy to open new ways to transact blockchain-based digital content within apps and games on Google Play,” says an official post by Group Product […]
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Gaming News
Gaming News
‘This would make online gaming financially burdensome’ — Gamers voice concerns over 28% GST
A group of players from the skill gaming industry on Friday urged the government to reconsider its approach to GST on online gaming. The plea comes in response to the recent decision by the GST Council to impose a 28% GST on the full face value of online gaming, clubbing it with horse racing, lottery, […]
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The Goa Pradesh Congress Committee (GPCC) General Secretary Vijay Bhike commented on the statement made by Industries Minister Mauvin Godinho relating to the GST Council’s decision to levy 28% tax rate on casinos, online gaming, and horse racing, saying the latter has “fallen in love” with the casino industry. Mauvin Godinho had said that he […]
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Gaming News
TN legislature disregarding SC judgments by banning online rummy and poker: Mukul Rohatgi in Madras HC
Senior counsel Mukul Rohatgi, representing Junglee Rummy, A23 and Games24x7, accused the Tamil Nadu state government of ignoring all the judgments passed by the Supreme Court, including ruling rummy as a game of skill. He again questioned the competence of the state to form the legislation to ban online rummy, something that Rohatgi believes only […]
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Gaming News
Rajeev Chandrasekhar backs GST Council’s decision to levy 28% tax on online real money gaming
Rajeev Chandrasekhar, Minister of State for MeitY, supported the GST Council’s decision on online gaming, calling it a “well-thought-out preliminary measure.” It is to be noted that the decision is being termed as a clarification by the government to levy 28% GST on the sector on the full face value amount. Chandrasekhar said that the […]
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On 11th July, 2023 the apex constitutional indirect tax body, the Goods and Services Tax (GST) Council in its 50th meeting decided to levy a 28% GST on full face value of bets or contest entry fees for online gaming for stakes (without making a distinction between games of skill and chance), casinos and horse […]
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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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Gaming News
Banned betting website Lotus365 top advertiser in print media during January-March quarter
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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