India’s Gaming Market Faces Turmoil Over 28% GST—A Critical Analysis In a decisive moment for India’s burgeoning online gaming market, the imposition of a 28% Goods and Services Tax (GST) has stirred widespread controversy, placing the industry at a pivotal juncture. This significant tax proposal has sparked heated debates among stakeholders, with industry pushback and […]
Supreme Court’s Decisive Hearing on GST for Online Gaming in India The Supreme Court of India is set to conduct a landmark hearing on the Goods and Services Tax (GST) implications for the online gaming industry on April 2. This hearing is a crucial juncture for several online gaming companies challenging the retrospective tax imposition. […]
Attention gamers and industry stakeholders: Bihar is setting a new course for online gaming taxation! With a substantial 28% GST now in the spotlight, the Bihar state government is steering the online gaming sector towards a revised tax landscape. Understand the implications of the recent bill that seeks to cement the ordinance into law, potentially […]
According to a recent announcement by the Indian government, bonuses, referrals, and incentives provided by online gaming companies will now be subjected to taxation. The government considers these elements to be a part of a player’s overall winnings, as reported by Reuters. The Central Board of Direct Taxes has issued new guidelines stating that online […]
As per the information provided, it appears that the companies being investigated for tax evasion amounting to Rs 23,000 crore (US$2.81 million) are not registered under the Goods and Services Tax (GST) system. GST is a consumption-based tax levied on the supply of goods and services in India, and businesses with a certain threshold of […]