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 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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Starlight Gaming, a company of Softstar Entertainment Inc., launched their Battle Royale game, “Raider SIX,” with a media launch event on July 11 at the Four Seasons Hotel, Worli, Mumbai. Well-known gamers and bloggers were invited for the event to witness Raider SIX’s formal debut. The event witnessed a gathering of more than 100 esteemed […]
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Microsoft won the legal battle against the Federal Trade Commission’s (FTC) preliminary injunction against its $69 billion acquisition of gaming giant Activision Blizzard. With this win, the company can move forward with its acquisition of Activision. While the larger case is still underway, the current win has raised hope for the company. The injunction was […]
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