#Gameskraft

Business Today

After online gaming firms, GST authorities set sights on casinos

Tax authorities are closely looking into transactions of casinos to examine evasion of goods and services tax (GST) in the past. According to sources, more notices are likely to be sent to casinos in the coming days. The move comes soon after the official notification to levy 28 per cent GST on online gaming, horse racing and casinos. In the case…

Industry ・ 16 October 2023

Mint

Mint Primer: The gamble with online gaming: ₹1.5 trillion in taxes?

The Directorate General of GST Intelligence (DGGI) is serving tax demands worth thousands of crores of rupees on online gaming firms. The demands are up to 10x the revenue of some firms. Why is it making such astronomical demands, and are they substantiated? On 12 September, the DGGI's show-cause notice to Mumbai-based Dream11 claimed GST in line…

Law ・ 27 September 2023

Brand Equity

online gaming: 28% GST stays on online gaming, casinos; Council to review taxation in six months from implementation

Industry ・ 19 August 2023

Yogonet

India approves 28% tax on online gaming, horse racing, and casinos; shares of gambling firms slide after decision

The Goods and Services Tax (GST) Council in India has passed a decision to levy a maximum 28% tax on the full face value of bets in online gaming, casinos, and horse racing. The decision was announced at the 50th Council meeting by Union Finance Minister Nirmala Sitharaman. Online gaming companies will now be required to pay a 28% tax on the entire…

Law ・ 13 July 2023

Super Slots Casino

$6,000 Welcome Bonus

Players can claim the SUPER300 bonus code on their first three deposits only. The minimum deposit amount required to redeem each bonus code is $25. This bonus is not valid in the Live Dealer Casino. The deposit plus bonus amount is subject to a 45X playthrough requirement before any winnings can be withdrawn.

Dazeinfo

Indian Online Gaming Market in Doldrums: 28% GST Could Be Disasterous

The latest announcement of a tax increase by the GST council on the online real money gaming industry has sent shockwaves through businesses like Dream11, MPL, Crickpe, Games24x7, and players in the industry. In fact, the move has apparently jeopardised their future growth plans and their existence. The GST council, led by the formidable Union…

Industry ・ 12 July 2023

The Hindu

Tamil Nadu anti-online gambling law: Madras High Court refuses interim protection to online gaming companies

The Madras High Court on Thursday refused to restrain the Tamil Nadu government from taking any coercive action against online gaming companies until the disposal of a batch of cases filed by them challenging the constitutional validity of the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022. Acting Chief Justice…

Law ・ 28 April 2023

Lexology

New GST implications on online gaming industry- India

The Directorate General of GST Intelligence (DGGI) has issued a INR 21000 crore show-cause notice to the Karnataka based online gaming company, Gameskraft Technologies Private Limited on the pretext of not depositing GST for the period between 2017 and June 2022. Amidst the Gameskarft controversy, the GST Council has constituted a panel of Group of…

Industry ・ 21 December 2022

Financial Express

28% GST on gambling-like online games

Online games where winning is dependent on a certain outcome would attract 28% GST on the full bet value, Central Board of Excise and Customs chief Vivek Johri said on Saturday, even as the report of a group of ministers on the contentious issue is still awaited by the GST Council. "The view of the department on levying GST on online gaming is very…

Industry ・ 18 December 2022

RELATED LOCATIONS

Country

India

Country

China

Country

USA

Mint

GST on betting and gambling: Tax structure and liabilities in case of default

Gambling and betting, whether online or offline, are supplies of services as per the goods and services tax (GST) law. Currently, an 18 per cent GST is levied on online Games of skill, while a 28 per cent GST is levied on online games of chance According to Archit Gupta, Founder & CEO, Clear, GST is computed on gross gaming value or stake instead…

Finance ・ 02 October 2022

Money Control

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

RELATED CATEGORIES

Category

Law

Category

Incidents

Category

Sports

Category

Industry

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

Money Control

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

The Hindu BusinessLine

No interim relief for petitioners challenging Karnataka’s online gambling law

Karnataka High Court has not given any interim order in the ongoing hearing of six petitions challenging the State's new anti-gambling law. The next hearing on these petitions will now take place after Diwali in November 2021. Six petitions have been filed by gaming companies and industry bodies including the All Indian Gaming Federation (AIGF),…

Law ・ 28 October 2021

RELATED BRANDS

Paddy Power

Betfair

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

Money Control

No Arrests To Be Made Under New Gambling Law, Says Karnataka High Court

October 22, 2021 / 02:25 PM IST The Karnataka High Court on October 22 told the Advocate General appearing on behalf of the state government not to make arrests under the new online gambling law that faces legal challenges from several gaming firms. Appearing for All India Gaming Federation, a skill gaming industry body that has challenged the law,…

Law ・ 22 October 2021

Money Control

Junglee Games Files Petition In Karnataka HC Against Gambling Ban

October 18, 2021 / 07:16 PM IST Junglee Games, which operates Junglee Rummy, Junglee Teen Patti, and fantasy gaming platform Howzat, is the latest firm to approach the Karnataka High Court appealing against the state's online gambling law that came into effect on October 5. Online betting giant Flutter Entertainment, which was created by the merger…

Law ・ 18 October 2021

ABP News Live

Karnataka: AIGF, Gaming Companies Move High Court Challenging Online Gambling Law

Chennai: The All India Gaming Federation (AIGF), a skill gaming industry body, along with four other real-money gaming companies have moved the Karnataka High Court challenging the state government's online gambling law that came into effect on October 5. According to a report in Moneycontrol, the firms, Mobile Premier League (MPL), Games24X7, A23…

Law ・ 10 October 2021

The Hindu BusinessLine

Industry appeals Karnataka high court against online gambling law

All Indian Gaming Federation (AIGF), Mobile Premier League, Games24x7, Gameskraft and Head Digital Works Private Limited have filed writ petitions in the Karnataka High Court against the State's online gambling law. All five petitions were filed on Thursday, October 7. The Karnataka Police (Amendment) Compliance Act, 2021, which was notified on…

Law ・ 09 October 2021

Money Control

MPL, Games24x7, AIGF Approach Karnataka High Court Against Gambling Ban

Skill gaming industry body All India Gaming Federation along with real-money gaming firms Mobile Premier League (MPL), Games24x7, A23(Ace2Three), and Gameskraft have approached the Karnataka High Court appealing against the state's online gambling law that came into effect on October 5. These firms have filed writ petitions in the Karnataka High…

Law ・ 08 October 2021

Indian Television

Madras HC refuses to stay Tamil Nadu's ordinance banning online gambling

NEW DELHI: The Madras high court has declined to grant an interim stay on the Tamil Nadu government's ordinance banning online gambling and games, including online rummy. Appearing for the state, advocate general Vijay Narayan today sought more time and urged the court to adjourn the matter till after Pongal. He also mentioned that there is a…

Rummy Games ・ 19 January 2021