nirmala sitharaman

Faced with a seemingly existential threat after the GST Council decided to levy a 28% tax on online gaming, founders and senior executives of real-money gaming companies from across India are making a beeline to New Delhi. They are trying…

Union Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi, on July 11, 2023. | Photo Credit: PTI The Goods and Services Tax…

The recent decision by the GST council to impose a 28% tax on the full face value of bets in online gaminghas left the industry in dismay. This decision is being viewed as a major blow to the gaming industry. Some industry experts are…

The Goods and Services Tax (GST) Council Tuesday decided to impose the top 28% slab on online gaming, horse racing and casinos. It also made changes to provide uniformity in the taxation of multi utility and sports utility vehicles.The body…

The 50th Goods and Services Tax (GST) Council meeting resolved to collect 28% GST on full face value on online gaming. But the gaming world, which has been talking about such a decision for a while as it seemed imminent, is seeing it as a…

The government on Tuesday said it would impose a 28% tax on funds that online gaming companies collect from their customers, in a setback to the $1.5 billion industry, which could lead to higher ticket prices.Gaming apps are often endorsed…

The decision of the GST Council to impose a 28% tax on the full face value for online gaming could result in users migrating to illegal gambling and betting platforms, and even force companies to move their base overseas to cushion the…

Last Updated: July 11, 2023, 19:57 ISTIn a separate demand before the Tamil Nadu government, the association wants it to be allowed to collect maintenance fee from those who buy the movie ticket. (Representational Photo)Earlier, the GST…

Online gaming industry stakeholders on Tuesday termed the 28% GST on the full value of gaming as "unconstitutional, irrational and egregious", saying that the move is a self goal that will kill the skilled online gaming sector in the…

Read more The 50th meeting of the GST council is also expected to finalise contours for setting up appellate tribunal, and demand of the industry for reimbursement of full CGST and 50 per cent IGST in 11 hill states under the ‘scheme for…