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tax on online gaming

GST Council Meeting: States Raise Issue Of Retrospective Taxation On Online Gaming Companies

GST Council Meeting: States Raise Issue Of Retrospective Taxation On Online Gaming Companies

Sun, Oct 08, 2023

During the 52nd GST Council meeting, states raised the issue of notices for tax demand served under the GST regime on gaming companies, with some states terming it "retrospective taxation". Chhattisgarh Deputy Chief Minister T S Singh Deo said that states like Delhi and Goa raised the issue of online gaming companies receiving a spate of GST demand notices for alleged evasion. Delhi Finance Minister Atishi said that tax notices are being sent for a much higher amount than even the estimated valuation of the gaming industry.

Karnataka government promulgates ordinance to impose 28% tax on online gaming

Karnataka government promulgates ordinance to impose 28% tax on online gaming

Sat, Sep 30, 2023

The Karnataka government on Friday promulgated an ordinance to amend the Karnataka Goods and Services Tax Act to facilitate the imposition of 28 per cent GST on online gaming.

28% GST on Online Gaming to Come Into Effect From Oct 1 | What Does It Mean for You?

28% GST on Online Gaming to Come Into Effect From Oct 1 | What Does It Mean for You?

Fri, Sep 29, 2023

India is set to implement a 28% GST on online gaming from October 1, with the consent of all states. This could mean higher costs for gamers, but it could also lead to more transparency and regulation in the industry.

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28% GST on Gaming: Online Gaming Companies in India Caught Evading Rs 31,000 Crore in Tax

28% GST on Gaming: Online Gaming Companies in India Caught Evading Rs 31,000 Crore in Tax

Fri, Sep 22, 2023

Indian online gaming giants are in hot water as the Directorate-General of Goods and Services Tax Intelligence (DGGI) investigates alleged tax evasion totalling a staggering Rs 31,000 crore. Previously, the government alleged tax evasion of Rs 22,936 crore. Furthermore, the recent GST Council's decision to impose a 28% tax on online gaming changes the game, starting from October 1.

Online gaming giant MPL cuts workforce by 50%; Is GST tax hike to blame?

Online gaming giant MPL cuts workforce by 50%; Is GST tax hike to blame?

Wed, Aug 09, 2023

MPL, the online gaming giant, has announced that it is laying off 350 employees, nearly 50% of its workforce. The GST tax hike has increased MPL's tax burden by as much as 350-400%. This has forced the company to make some tough decisions, including laying off 350 employees. This is the first major casualty of the GST tax hike for the online gaming industry.

GST Council Meeting to Discuss Face Value Calculation for Online Gaming on August 2nd

GST Council Meeting to Discuss Face Value Calculation for Online Gaming on August 2nd

Wed, Jul 26, 2023

GST Council meeting on 2 August. There will be a discussion on the calculation of the face value of Online Gaming. Discussion on 28% GST on entry point or token. Discussion on amendment in rules related to Online Gaming, Casino.

GST on online games: What does this mean for the gamers and the gaming industry? Explained

GST on online games: What does this mean for the gamers and the gaming industry? Explained

Wed, Jul 12, 2023

The Indian government has imposed a 28% GST on online gaming, which has been met with criticism from gamers and industry experts. The new tax rules could force gamers to limit their participation and drive them towards offshore and illegal gambling websites. The impact of the 28% GST on the Indian gaming industry remains to be seen, but it could have a significant negative impact on the growth of the industry.

GST council to discuss tax rate on online gaming on July 11

GST council to discuss tax rate on online gaming on July 11

Thu, Jul 06, 2023

The 50th GST Council meeting will discuss the tax rate on online gaming on July 11. The outcome of the deliberations is uncertain, as it depends on the states' decision. A Group of Ministers had recommended a 28% tax on the full willing value of online gaming, but some states may object to increasing the tax.

GST Council meeting on July 11, discussion on GST on Online Gaming

GST Council meeting on July 11, discussion on GST on Online Gaming

Thu, Jul 06, 2023

GST Council meeting on July 11, discussion on GST on Online Gaming, How much GST will be applicable on Casino?

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