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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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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Goa’s tourism minister Rohan Khaunte questioned the need to have casinos in the state to boost tourism. He also raised the question about how much they have benefited the state. “Casinos are not needed for tourism in the state, but unfortunately tourism is currently dependent on casinos,” he said. Khaunte believes that there will be […]
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Gaming and sports media company Nazara Technologies has become the latest online gaming firm to receive a show cause notice from the GST authorities after Dream11, Games24x7, Gameskraft and Delta Corp. However, unlike those companies, it is not related to the retrospective tax issue. On September 27, the company revealed that they have received a […]
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Casual gaming startup QuriousBit has announced that the company successfully raised $2 million during its seed funding round. Notably, the round was led by gaming and interactive media venture firm Lumikai. Additionally, General Catalyst also joined the round as co-investors. QuriousBit is planning to make fun and engaging casual puzzle games on mobile devices for […]
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Goa state government has seemingly given up on Rs 1,000 crore of potential tax revenue meant to be collected in the form of GST from casinos this year as the latter are likely to contest the notices received. As a result, the state government believes that the new fiscal year will begin before the tax […]
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In a recent interview with ET NOW, technology and gaming lawyer Jay Sayta talked about the ongoing tax notice spree by the Directorate General of GST Intelligence (DGGI) to real money gaming companies as well as the 28% GST rate that will be implemented soon. Sayta explained that as per the government, there is 28% […]
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Neela Films, the producer of television show ‘Taarak Mehta Ka Ooltah Chashmah’ (TMKOC), is foraying into gaming, animation, and e-commerce with its new venture Neela Mediatech Pvt. Ltd. The company has infused Rs 24 crore along with the rights to the IP, TMKOC. With this, the company aims to diversify and extend the show’s IP. […]
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