Online concerns
Online gaming and gambling are two different activities that are often confused or considered together, due to their association with the internet, and the potential for financial transactions.
Online gaming and gambling are two different activities that are often confused or considered together, due to their association with the internet, and the potential for financial transactions.
The Centre has said that there should be at 28 per cent GST on online gaming industry starting from October 1 even as the industry has raised concerns on the applicable GST Rates.
During the GST Council meeting, states pointed out that dues being demanded from some firms is much more than their turnover.
The amendments to the Integrated GST (IGST) Act make it mandatory for offshore online gaming platforms to take registration in India and pay taxes in accordance with domestic law.
These amendments, according to the central government, will provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
The online gaming industry in India has gained currency in recent years and has particularly attracted the youths of our country. Given the humongous rise in the need for diverse and challenging games which were essentially accelerated during the pandemic and thereafter, it clearly evidences that online gaming is here to stay.
The Tamil Nadu government on Monday released new regulations regarding online gaming.
The IT Ministry on Thursday notified amendments to online gaming in the IT Rules, 2021, allowing multiple self-regulatory organisations (SROs) to decide if a real-money game is allowed to operate in the country or not.
The policies of the government are aimed at ensuring an Open, Safe and Trusted and Accountable Internet for its users, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar.
The policies of the government are aimed at ensuring an Open, Safe and Trusted and Accountable Internet for its users, said Union Minister of State for Electronics and Information Technology Rajeev Chandrasekhar.
