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Govt notifies online money gaming, gambling, casino under Customs Tariff Act with NIL rate

The central government this Saturday has notified specified actionable claims including online gambling and games as items with NIL rate under the heading 9807 of Schedule I of Customs Tarrif Act, 1975. The goods which are exported from and imported into India are subject to imposition of tax as per the provisions of the Custom Act 1962, while the…

Law ・ 01 October 2023

Hub News

IAMAI Joins Online Gaming Industry Bodies in Warnings against Proposed GST Hike on Online Gaming

The Internet and Mobile Association of India (IAMAI) has issued an open letter urging the Central Government and the GST Council to preserve the status quo regarding Goods and Services Tax levy on online gaming. Currently, online gaming companies are charged 18 percent GST over their Gross Gaming Revenue (GGR) leaving the Contest Entry Fees (CEF)…

Industry ・ 28 July 2022

Daijiworld

Foreign Gambling Operators Welcome Steps towards Regulation of Indian Online Gaming Space

I&B Ministry Issues Advisory on Gambling Advertising Jul 21 (PR): An advisory was issued by the Union Ministry of Information and Broadcasting (I&B) guiding print and electronic media to avoid advertising platforms for online betting and gambling. The Ministry stated that such activities are prohibited in most of India and bring financial and…

Law ・ 21 July 2022

BW Businessworld

GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12

Uttar Pradesh finance minister, Suresh Kumar Khanna, who is also a member of the Group of Ministers (GoM) formed to advice the government on GST for online gaming, casinos, and horse racing, while addressing a conference by Federation of Indian Chambers of Commerce & Industry (FICCI), said the panel will meet again on July 12. The meeting will…

Industry ・ 08 July 2022

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Mumbai Live

Indian Government Creates a Panel to Evaluate Legalization of Online Gambling

The India n government has recently created a panel to discuss and examine the legalization of online gambling. This follows after a new online gambling bill was introduced in the Lok Sabha on April 1. The bill aims to preserve integrity in online gaming and introduce a new regime where Indians can enjoy gambling in a regulated…

Gaming Authorities ・ 30 June 2022

BW Businessworld

GST Council Defers 10 Hike On Online Gaming

The GST rate on casinos, race courses, and online gaming have been subject to much discussion amidst widespread pushback from the online gaming industry, in particular, on the government's recommendation of a blanket hike of Goods and Services Tax (GST) rates on casinos, racecourses, and online gaming from 18 percent to 28 percent. Karnataka Chief…

Industry ・ 29 June 2022

Kashmir Life

India Introduces New Gaming Panel To Regulate Online Gaming

There have been further steps forward toward the legalisation of gambling in India, after the creation of a new panel to regulate online gaming. A seven-member panel featuring various national ministers from the Modi government are being tasked with identifying a nodal ministry to oversee a sector that many officials view as a sunrise industry in…

Law ・ 08 June 2022

The Assam Tribune

The role that legislation has to play in curbing gambling addiction

Regulation around gambling in India is complex. Legal loopholes have been created by the ambiguity of the definitions of games of skill and games of chance and the fact that the relevant laws were created long before many current forms of gaming were created. This includes online betting and wagering on fantasy sports. One of the biggest downsides…

Law ・ 26 April 2022

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Online gambling ban: Karnataka govt approaches Supreme Court against HC judgement

The Karnataka government on March 29 moved the Supreme Court challenging the Karnataka High Court judgement that recently struck down the contentious provisions of the state's online gambling law. It has filed a special leave petition, contending that the regulatory amendments were needed against online gambling to maintain public order as…

Law ・ 30 March 2022

BW Businessworld

Karnataka HC Strikes Down State s Online Gambling Law Gaming Industry Leaders Reacts

These petitions had challenged the constitutional legitimacy of revisions made to the Karnataka Police (Amendment) Act that had prohibited all types of internet gaming where the move of money is involved. Amid the months-long controversy, the Karnataka High Court, on Monday struck down the state's online gambling law as unconstitutional. On…

Law ・ 09 March 2022

News18

Online Gambling Set to Make Comeback in Karnataka as HC Strikes Down Law as Unconstitutional

Online gambling was banned in Karnataka since last year The Karnataka High Court, on Monday February 14, quashed a recent law enacted by the state to ban online gambling, and stated that it was unconstitutional. This move comes as a huge relief to all the skill-based gaming platforms that had to close operations in Karnataka last year. The high…

Law ・ 17 February 2022

MediaNama

Karnataka online gambling ban struck down on constitutional grounds

The Karnataka Police (Amendment) Act 2021 which banned online gaming (with stakes) and betting in the state, has been struck down by the Karnataka High Court (HC) as unconstitutional, according to a LiveLaw report. The verdict was pronounced by a division bench of Chief Justice Ritu Raj Awasthi and Justice Krishna S Dixit. The bench clarified that…

Law ・ 14 February 2022

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Karnataka HC strikes down state's online gambling law as unconstitutional

February 14, 2022 / 11:32 AM IST The Karnataka High Court, on February 14, struck down the state's recent online gambling law as unconstitutional, providing a major relief to the skill-based gaming firms that had shut down operations in the state. This judgement will likely pave the way for fantasy sports and gaming fifirms such as Dream11, Mobile…

Law ・ 14 February 2022

Money Control

Karnataka HC Concludes Hearing, Reserves Judgement In Online Gambling Ban Case

December 22, 2021 / 08:43 PM IST The Karnataka High Court has reserved its judgement after concluding the hearings from a series of petitioners that included industry associations, gaming companies and individuals who had challenged the constitutional validity of the state's new online gambling law that came into effect on October 5. Skill gaming…

Sports ・ 23 December 2021

MediaNama

Karnataka online gambling ban: Dream11 moves court to quash FIR

Weeks after an FIR led to Dream11 stopping its services in Karnataka, the fantasy sports app's founders Bhavit Sheth and Harsh Jain have moved the Karnataka High Court seeking to quash the FIR. According to a report by The News Minute, the two founders filed a writ petition before the court on October 22. The FIR prompting Dream11 to exit the state…

Sports ・ 26 October 2021

Business Standard

Skill gaming startups caught in Karnataka's online gambling ban

For sectors like'online gaming' and'cryptocurrency', one word that best describes the present regulatory scenario is'ambiguous'. Both sectors are booming in India, but governments have their concerns related to user safety. This dilemma played out again recently, with Karnataka notifying a law to ban and betting. The law provides for up to three…

Sports ・ 12 October 2021

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Karnataka online gambling ban: Dream11 shuts down operations in state

Dream11 has decided to suspend its operations in Karnataka to ensure the safety of users following the ban on online gambling in Karnataka, the company said in a statement to the press. The move comes days after an FIR was filed against the founders of the company for flouting the state's ban. The Karnataka government passed an amendment to its…

Sports ・ 11 October 2021

Money Control

How Karnataka's Online Gambling Bill Could Impact Skill-based Gaming Startups

Karnataka's proposed amendment to ban online gambling could have major implications on Indian skill-based gaming startups, since it brings them under the ambit of the regulation by removing the distinction between game of skill and game of chance, according to industry experts. Karnataka's legislative assembly had tabled the bill on Friday to amend…

Sports ・ 21 September 2021