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Online Gaming Needs Regulatory Body In India To Classify Games Based On Skill Or Chance Strict Rules Govt Panel

Report from a government panel says India needs a new federal online gaming law. It also recommends a body which will classify online games based on skill or chance. The report will be sent to the cabinet secretariat for approval. India's mobile gaming industry is expected to reach $5 billion by 2025. State governments are considering banning some games, such as rummy. Many offshore betting and gambling websites are popular in India. A senior government source said that although the federal government could classify chance-based games as harmful, it would let states make the final call on whether to allow gambling.
Law

GST Panel may not treat online gaming as gambling- The New Indian Express

The Group of Ministers on casinos, race courses and online gaming is open to considering different rates and valuation methods for all three games. The shift in the stance happened after the meeting on Monday. The gaming industry had been opposing the current stance of the GoM. All India Gaming Federation (AIGF) welcomes the change in heart of Gom. It is hopeful the group will arrive at a progressive and constitutionally sound recommendation for rate and valuing of online games for the industry.
Industry
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GomSpace signs contract with Unseenlabs to deliver 6 more satellites

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#InTheSpotlightFGN - India: GoM to submit final report on gambling taxes in 7-10 days

#InTheSpotlightFGN - India: GoM to submit final report on gambling taxes in 7-10 days
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Sources said the GoM is open to considering different rates and valuation mechanisms for online gaming, casinos, and horse racing. READ MORE HERE:

GST on Online Gaming: GoM to tax casinos, gaming and horseracing separately

The Group of Ministers (GoM) on Monday decided to tax horse racing, online gaming and gambling separately. The GoM is still undecided and has sought legal opinion before submitting the final report of the goods and services tax (GST) levied on the industry. In July, the report recommended that online games should be taxed at 28%. The government had formed the eight-member panel last year in May for better valuation of services of casinos, gaming portals and race courses for levying GST. The report will be presented in the next 7 to 10 days.
Finance
GST on Online Gaming: GoM to tax casinos, gaming and horseracing separately
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Bengal, UP back 28% GST on full value for online gaming

West Bengal and Uttar Pradesh support goods and services tax (GST) on online gaming, horse racing and casinos at a uniform rate of 28%. The group of ministers will take legal opinion on the matter before submitting the final report in a week to 10 days.
Industry
Bengal, UP back 28% GST on full value for online gaming

GST on online gaming, casinos and horse racing soon, might be put in 28% slab

The Group of Ministers (GoM) met on Monday in New Delhi to discuss the issue of GST on online gaming, casino and horse racing. The GoM is open to considering all three games as different and is looking at legal opinion on the applicable rate and valuation base. All India Gaming Federation CEO Roland Landers is optimistic about the GoA's decision. The online game market is growing at US$ 3 billion with more than 400 million users. It is expected to grow rapidly in the next half a decade. An indirect tax expert says the industry needs to be competitive.
Industry
GST on online gaming, casinos and horse racing soon, might be put in 28% slab

GoM on casinos, online gaming taxation may finalise report in 7-10 days

The Group of Ministers (GoM) on taxation of casinos and on Monday met and decided to seek legal opinion on valuation criteria for all these segments. The GoM is headed by Meghalaya chief minister Conrad Sangma. Other members of the GoG are Goa Panchayati Raj Minister Mauvin Godinho, Tamil Nadu Finance Minister P Thiaga Rajan, Uttar Pradesh Finance minister Suresh Khanna and Telangana FinanceMinister T Harish Rao.
Finance
GoM on casinos, online gaming taxation may finalise report in 7-10 days
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Online Gaming Ban Tamil Nadu Epwa Request Dont Brand Skill Based Gamers As Gamblers Criminalise

Tamil Nadu government is looking to introduce regulations on online gaming. There have been at least 20 deaths by suicide in the state due to financial debts from online games. The non-profit EPWA wants the government to not criminalise online skill-based gamers. The government will take a call after reviewing the report. It constituted a committee led by former Madras High Court judge K Chandru to look into the issue.
Industry
Online Gaming Ban Tamil Nadu Epwa Request Dont Brand Skill Based Gamers As Gamblers Criminalise

online gaming: GoM on casinos, online gaming, horse racing to submit report to FM Nirmala in a day or two: Sources

GST Council will discuss the report of the Group of Ministers on the taxation of casinos, horse racing and online gaming. The GoM, under Meghalaya Chief Minister Conrad Sangma, will submit its report to FM Nirmala in a day or two. The members of Gom met industry stakeholders late last month to hear their concerns. They recommended that online games should be taxed at the full value of consideration. In the case of racecourses, they suggested that GST should also be levied on full amount of bets pooled in the totalisators and placed with the bookmakers.
Industry
online gaming: GoM on casinos, online gaming, horse racing to submit report to FM Nirmala in a day or two: Sources
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GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

GoM on casinos, online gaming to submit report to FM in 1-2 days. The GST Council is likely to meet towards the end of this month or early September and discuss the report of the Group of Ministers (Gom). The GoM, under Meghalaya Chief Minister Conrad Sangma, proposed to the GST council to levy 28 per cent GST on gross sales value as horse racing, and casinos are akin to betting or gambling. Goa wanted further discussions with regard to casinos and the Gom will submit a final report by July 15.
Industry
GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

Online Gaming Regulation Tamil Nadu Invite Stakeholder General Public Input Legislation Rummy Poker Gambling Nirmala Sitharaman Gom Gst

Tamil Nadu government is seeking public feedback on proposed legislation to control online rummy. The general public can send their feedback over emails to [email protected] until August 12. Stakeholders' meeting will be held on August 11. Centre is exploring imposition of Goods and Services Tax (GST) on online gaming. Group of Ministers (GoM) is set to finalise its report on a possible 28 percent GST on the matter on 10 August. The GoM met industry representatives and leading operators to discuss the valuation approach for GST.
Rummy Games
Online Gaming Regulation Tamil Nadu Invite Stakeholder General Public Input Legislation Rummy Poker Gambling Nirmala Sitharaman Gom Gst

E-Gaming Federation appreciates the GoM in understanding online skill gaming differently from betting and gambling

Currently, 18% GST is levied on the commission collected by the online skill gaming platforms. The Indian gaming market is expected to grow from its current valuation of $2.2 billion to $7 billion by 2026. The government has set up an inter-ministerial task force (IMTF) and MeITY has held consultations on regulating the industry. It is the sunrise sector with significant potential for overall economic growth, employment opportunities and contribution to the government’s vision of a trillion-dollar digital economy by 2025.
Law
E-Gaming Federation appreciates the GoM in understanding online skill gaming differently from betting and gambling
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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 game companies are charged 18 percent GST over their Gross Gaming Revenue (GGR). The Contest Entry Fees (CEF) are tax free. The Group of Ministers (GoM) which was formed in May last year by the Council recommended a uniform 28 percent levy for all gaming varieties. IAM AI calculates that the implementation of such a recommendation would increase effective taxation by 1,100 percent and destroy the Indian online games industry.
Industry
IAMAI Joins Online Gaming Industry Bodies in Warnings against Proposed GST Hike on Online Gaming

GoM on GST on Casinos will hear industry stakeholders on 23rd and 24th July

The ministerial panel on casinos, racetracks and internet gaming will meet on July 23rd and 24th in Goa to discuss the tax issues of their respective industries. The deadline for the GoM to submit its final report is August 10. The GST Council will probably meet in the third week of August to consider the panel's suggestions. Conrad Sangma, the chief minister of Meghalaya, called the committee to address the revenue concerns during the June 29th Council meeting in Chandigarh. GoA has raised concerns about how the GST will be computed in cases where a portion of a token purchase was used for food and entertainment and the rest was returned to the counter.
Industry

Gst Tax Online Gaming Conundrum

A Group of Ministers (GoM) is looking at a taxation regime for casinos, online games and horse racing. Media reports suggest 28 percent tax being imposed on online gaming. The industry is up in arms against the recommendation. It is said that business will move underground or to other jurisdictions. It would be tragic if administrative convenience of GST officers alone makes the case to decide the rate of taxation. There is a need for building capacity and self-regulation to manage present day complexities of the digital economy. iReport.com: The Taxation of Online Games in India: A Complicated and Difficult to Define Scenario.
Finance
Gst Tax Online Gaming Conundrum

GST GoM on casinos to meet on July 23-24

The ministerial panel on casino, race course and online gaming will meet on July 23 in Bengaluru and on 24 in Goa to get industry perspective on taxation of horse racing and casinos. Bangalore Turf Club will make a presentation to the GoM on various aspects of the racing. In GoA, the panel will visit casinos to see how they operate.
Winnings
GST GoM on casinos to meet on July 23-24

28 Pc GST On Online Gaming, Casinos And Horse Racing

The finance ministers of Goa, Uttar Pradesh, Gujarat, Tamil Nadu, Maharashtra, Telangana and Meghalaya will meet in Bengaluru on July 23 to finalize the imposition of 28% GST on online gaming, casinos and horse racing. The current rate of GST is 18%. The GoM will finalise its report on taxing casinos, online games and horses by August. It will be considered by the Federal GST Council headed by Finance Minister Nirmala Sitharaman. It is proposed to continue the current practice of levying 28 percent GST.
Industry
28 Pc GST On Online Gaming, Casinos And Horse Racing

GST: GoM to finalise report on casinos, online gaming by Aug 10

GST: GoM to finalise report on casinos, online gaming by August 10. The report is likely to be taken up for discussion in the GST Council meeting scheduled to take place in Madurai next month. The GoA Industries Minister Mauvin Godinho highlighted that there was a need for greater detailing and understanding why casinos require a different treatment in taxation. Goa Industries minister Mauvvin had suggested that the report should be finalised by July 15. Other state ministers in GoG include Uttar Pradesh finance minister Suresh Khanna, Gujarat finance Minister Kanubhai Patel, Tamil Nadu finance minster P Thiaga Rajan and Telangana finance Minster T Harish Rao.
Industry
GST: GoM to finalise report on casinos, online gaming by Aug 10

GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug

The Group of Ministers will finalise its report on taxing casinos, online gaming and horse racing by 10 August. The current rate of GST on this sector is 18%. The report is expected to be taken up for discussion in the GST Council meeting scheduled to take place in Madurai in August and the rate will be increased to 28%. The GoM recommended that the tax should be levied on the full face value of chips/coins purchased from the casino by a player. In the case of racecourses, the report suggested that GST be imposed on bets pooled in totalisators and placed with the bookmakers.
Industry
GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug

gst on online gaming: GoM on GST levy on casinos, online gaming to meet on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the GoM for further discussion and set a deadline of July 15 for the submission of the final report.
Industry
gst on online gaming: GoM on GST levy on casinos, online gaming to meet on July 12

GoM on GST levy on casinos, online gaming to meet on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on Tuesday to finalise its report on modalities taxing these activities that are akin to gambling. The GST Council, comprising the Centre and state finance ministers, had referred back the report to the Group for further discussion and set a deadline of July 15 for the submission of the final report.
Industry
GoM on GST levy on casinos, online gaming to meet on July 12

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

The panel of ministers advising the government on GST for online gaming, casinos, and horse racing will meet again on July 12. The panel will finalise recommendations on the tax rates for these activities. Online gaming industry associations are concerned about the proposed tax on Full Contest Pool rather than on Gross Gaming Revenue (GGR). The Government has delayed the decision by 15 days. The final decision is expected to be in favour of the gaming industries. It is hoped that the panel's recommendations will be more favourable to them. They are worried about a higher GST rate of 28 percent as against 18 percent.
Industry
GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12

GST Council may not increase the tax rate on online gaming, casinos

GST Council adjourned the Group of Ministers' proposal to impose 28% goods and services tax on casinos, online gaming, and lottery. The GoM will submit the report on the issue after 15 days. The gaming community is not happy about the proposal. Industry experts are concerned about combining skill-based and real-money gaming. There are one billion internet users in India and 657 million online gamers in 2025. According to Inc42, the number of internet players in the country is set to cross onebillion in 2023.
Finance
GST Council may not increase the tax rate on online gaming, casinos

Group of Ministers may not tweak 28% GST on online gaming, casinos

Group of Ministers reviewing the goods and services tax slabs for online gaming, horse racing and casinos is unlikely to tweak the 28% rate recommended for these activities. The GoM will only review whether tax should be imposed on the total amount spent at a casino or the amount of money spent on gambling.
Industry
Group of Ministers may not tweak 28% GST on online gaming, casinos

Online gaming is gambling like casinos

Nirmala Sitharaman said that online gaming is gambling. She was speaking at the end of the two-day meeting of Goods and Services Tax Council in Chandigarh. The Group of Ministers (GOM) on betting, casinos, horse racing and online games is in favour of status quo. It will submit its report on July 15 and it will be discussed at next Council meeting in Tamil Nadu's Madurai.
Industry
Online gaming is gambling like casinos

GST council defers 28% tax on online gaming, casinos and horse racing

GST Council has sent the proposal to levy a 28% tax on online gaming, casinos and horse racing back to a Group of Ministers. The GoM has been asked to submit its report by July 15 and it will be taken up in the next GST council meeting in Madurai in first week of August. Goa government had objected to the recommendations during the Gom proceedings. According to existing rules, the three activities are to be taxed without differentiation at 28%.
Finance
GST council defers 28% tax on online gaming, casinos and horse racing

GST Council defers 28% tax on casinos, online gaming, horse racing and lottery

GST Council has deferred a decision on a 28 percent tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders. The council will meet again in the first week of August to decide on the issue. Goa and some others wanted to make more submissions. GoM recommended that online games should be taxed at the highest rate of 28%.
Lottery
GST Council defers 28% tax on casinos, online gaming, horse racing and lottery

GST Council Defers 10 Hike On Online Gaming

GST Council Defers 10 Hike On Online Gaming. Karnataka Chief Minister BS Bommai announced that the decision has been deferred. The GoM on online gaming has another 15 days to discuss the issue. The GST rate on the online games falls within 2 slabs – 18% and 28%. Online games that involve financial betting attract 28% GST, while other online game are taxed at 18%. Online gaming platforms which earn commission are liable to pay GST at the rate of 18 percent on their commission. RSM India director Siddharth Surana believes a higher GST of 28%, as against 18%, would have an impact on profitability and pricing of the internet gamers.
Industry
GST Council Defers 10 Hike On Online Gaming

GST Council defers decision to hike tax rate on online gaming to 28%

The Goods and Service Tax Council deferred a decision on the proposal to raise the GST on online gaming from 18% to 28%. Karnataka chief minister BS Bommai said the GoM on Online Gaming has been given another 15 days to discuss the issue. Online gaming is a Rs 30,000 crore industry and growing rapidly in India.
Finance
GST Council defers decision to hike tax rate on online gaming to 28%

Highest tax slab on online gaming may stunt growth

The government's plan to levy highest goods and services tax (GST) slab on online gaming has the industry worried about future growth plans. The GST Council is set to meet on 28 June to decide which slab will be applied. Online gaming firms fear that the government will levy the highest GST slab (28%) on the gross gaming value (GGV) which is the total money deposited by users. The industry expert predicts that fantasy sports firms will have to reduce the prize pools they offer, which will shrink the investments players make on their platforms. They also fear the reduction in the prizes will drive players to offshore betting platforms that offer fantasy sport, online rummy, and poker.
Finance
Highest tax slab on online gaming may stunt growth

28 pc GST likely on Casinos, Online gaming

GST Council is likely to vet a proposal on levying 28 per cent GST on Online gaming, casinos and horse racing. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value. In casinos, the tax would be levied on the full face value of the chips/coins purchased from the casino by a player. No further GST would apply on bets placed in each round of betting. The report of GoM is expected to be taken up in the next meeting of GST Council on June 28-29 in Chandigarh.
Industry
28 pc GST likely on Casinos, Online gaming

28% GST likely on casinos, online gaming and horse racing: Report

28% GST likely on casinos, online gaming and horse racing: Report. The report of the GoM is likely to be taken up in the next meeting of GST Council on June 28-29 in Chandigarh. The Government had in May last year set up a panel of state ministers for better valuation of services of Casinos, Online gaming portal and race courses for levying Goods and Services Tax (GST). AMRG & Associates Senior Partner Rajat Mohan said 28% tax bracket for online games would peg them at par with numerous sin goods like pan masala, tobacco and aerated waters.
Industry
28% GST likely on casinos, online gaming and horse racing: Report

Gst Council To Discuss Gom Report On Online Gaming, Race Courses And Casinos: Sources

GST council will discuss the Group of Ministers' report on online gaming, casinos, and race courses. It will also discuss law changes to facilitate provision for setting up the GST Tribunals. The GST rate is to be hiked from 18 percent to 28 percent on all activities. The full value of consideration, including the contest entry fee, is paid by the player for participation in online games. In the case of race course games, the full amount of bets is pooled in the totalisator and placed with bookmakers.
Industry
Gst Council To Discuss Gom Report On Online Gaming, Race Courses And Casinos: Sources

Online Gaming Bill 2022

The gaming industry in India is estimated to grow to $5 billion by 2025. The proposed bill seeks to create a robust regulatory framework that will oversee the functioning of online gaming websites and curb illegal online games.
Industry
Online Gaming Bill 2022

Big News For Casino Lovers Online Gamblers horse racing in Meghalaya Details Here

Meghalaya wants to introduce casino and online gambling and gaming for tourists. A Group of Ministers recommends hiking the GST rate on casino, race course and on online gaming services to 28%. The existing practice of levying tax at 28% on the entire bet amount is proposed to be continued. The recommendation is subject to the final approval of the Ghandi Council. The Gaddi council will take the decision.
Sports
Big News For Casino Lovers Online Gamblers horse racing in Meghalaya Details Here

GoM likely to moot flat 28% GST slab for online gaming

GoM will meet next week and make a recommendation on the tax rate for online gaming. The GoM is headed by Meghalaya chief minister Conrad Sangma. There is broad consensus on a flat 28% tax slab for the online games. Industry wants to be taxed on gross gaming revenue and not on transactions taking place. The council will take the final call. Currently, the GST rate applicable on online game involving betting or gambling is 28%, and for games not involving gambling it is 18%.
Industry
GoM likely to moot flat 28% GST slab for online gaming

Gom On Casinos, Online Gaming To Finalise Tax Proposals This Month

Gom On Casinos, Online Gaming To Finalise Tax Proposals This Month. The panel of state finance ministers is unanimous on hiking the GST rate on these to 28%. The next meeting of the GoM should be around the second or third week of May. The current rate is 18%. It is backed by the claim that these are games of skill rather than betting or gambling. However, a call on whether the tax should apply on gross or net valuation will be taken after further deliberations at the officer level. It will take a decision at least until the end of April. There is a consensus on the general principle but some technical aspects still need to be decided.
Finance
Gom On Casinos, Online Gaming To Finalise Tax Proposals This Month

GST on online Gaming: Are you game?

The online gaming industry in India has seen exponential growth in terms of revenue and usage. The All-India Gaming Federation is following up with the GST Council to provide clarity on the taxability of the revenue derived by the industry. A panel of seven ministers from various state governments has been formed to analyze and evaluate the taxes on online games. The panel has also been asked to review the taxation of horse race clubs and casinos.
Industry
GST on online Gaming: Are you game?

GST Council Sets to Tackle Ambiguous Taxability Issues of Casino and Online Gaming Platforms

GST Council has formed a panel to examine the taxability of services provided by casinos, gaming websites and race courses. The panel will also examine administration of the regulatory framework concerning the valuation of these services. It will advise whether changes to the legal provisions and the methods of valuation are recommended. Panel is to report its findings within a term of six months to GST council.
Law
GST Council Sets to Tackle Ambiguous Taxability Issues of Casino and Online Gaming Platforms