#Group of Ministers

iGaming Business

India sets online gambling tax rate at 28%

The GST Council declared the decision during its 50th GST Council meeting. The GST has not confirmed when the rate will be begin, although amendments to existing legislation will be necessary to facilitate the tax. The new tax will be applied to the full-face value of a bet, rather than gross gaming revenue (GGR), making it a turnover-based tax. In…
Finance
India sets online gambling tax rate at 28%
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
Indian Online Gaming Market in Doldrums: 28% GST Could Be Disasterous
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Financial Express

ED attaches Rs 213 cr for money laundering through online betting, gambling

The Enforcement Directorate has attached Rs 212.91 crore proceeds of crime (PoC) in cases where online betting and gambling sites/apps were used for money laundering and hawala transactions, Parliament was informed on Tuesday. In a written reply in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the Directorate of Enforcement…
Incidents
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Gst Gom Report On Online Gaming, Casinos, Race Courses Finds No Consensus, Say Officials

The much awaited GST Council nominated Group of Ministers (GoM) report on taxation of online gaming, casinos and race courses was submitted by convener-Meghalaya Chief Minister Conrad Sangma to union Finance Minister Nirmala Sitharaman on Thursday. Sangma, after presenting the report said that the GoM could not arrive at a consensus and has…
Law
Gst Gom Report On Online Gaming, Casinos, Race Courses Finds No Consensus, Say Officials
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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
Republic World

'Online betting & gambling subject to 28% GST, legalisation not on cards': Centre tells RS

The Union Ministry of Finance stated on December 20 that there is no intention to legalise online gambling and that it is subject to 28% Goods and Services Tax (GST). "Actionable claims in the form of betting and gambling including those arising from online gaming attract 28% GST and the GST Act does not make the levy dependent on whether it is a…
Incidents
'Online betting & gambling subject to 28% GST, legalisation not on cards': Centre tells RS
Brand Equity

GST Council decriminalises some types of offences, defers call on online gaming, horse racing and casinos

online gaming, horse racing and casinos. The Council also increased the monetary threshold for launching prosecution for some GST offences."GST Council agreed to decriminalise certain offences, and the threshold of launching prosecution has been doubled to Rs 2 crore," said Revenue Secretary Sanjay Malhotra.Malhotra added that GST on online gaming…
Industry
GST Council decriminalises some types of offences, defers call on online gaming, horse racing and casinos
Brand Equity

enforcement directorate: Enforcement Directorate attaches Rs 213 crore for money laundering through online betting, gambling sites

has attached Rs 212.91 crore proceeds of crime (PoC) in cases where online betting and gambling sites/apps were used for money laundering and hawala transactions, Parliament was informed on Tuesday. In a written reply in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the Directorate of Enforcement is investigating several…
Incidents
enforcement directorate: Enforcement Directorate attaches Rs 213 crore for money laundering through online betting, gambling sites
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ED attaches Rs 213 cr for money laundering through online betting, gambling sites

The Enforcement Directorate has attached Rs 212.91 crore proceeds of crime (PoC) in cases where online betting and gambling sites/apps were used for money laundering and hawala transactions, Parliament was informed on Tuesday. In a written reply in the Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said the Directorate of Enforcement…
Incidents
ED attaches Rs 213 cr for money laundering through online betting, gambling sites
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
28% GST on gambling-like online games
Hindustan Times

GST: GoM on online gaming, casinos submits report to Sitharaman

The panel of state ministers set up by the GST Council to look into taxation of online gaming and casinos on Thursday submitted its report to Finance Minister Nirmala Sitharaman. The GST Council, chaired by Sitharaman, may take up the report in its next meeting on Saturday (December 17). "Presented the Second Report of the Group of Ministers (GoM)…
Industry
GST: GoM on online gaming, casinos submits report to Sitharaman
The News Mill

How the New Tax Impacts Gambling in India

India has quite a developed online gambling market, and many offshore operators exploit it. The world's second-most populated country is a great playground for all online casinos, and they widely started accepting gamblers from India. On the other hand, the government has also spotted opportunities for generating more income. Therefore, a group of…
Finance
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New Indian Express

Online gaming industry okay with 28 per cent GST if levied only on fee- The New Indian Express

NEW DELHI: The online gaming industry will be okay with a 28% GST if the tax is levied on the commission/fee earned by the platforms and not the total pooled amount. Roland Landers, CEO of the All India Gaming Federation (AIGF), on Thursday said if the government settles the valuation aspect of the GST in the industry's favour, it will be okay with…
Industry
Business Standard

Online Gaming: Why India needs a central regulatory framework for online gaming?

To bring about uniformity in the industry, the central government is exploring the need for a central regulatory framework. The policymakers have begun consultations and discussions for such a framework, a report by Economic Times (ET) said. The regulator will have power to block unregistered gaming platforms. The operators will reportedly be asked…
Law
Outlook

GST Council Meeting Delayed As States’ Ministers Undecided On Tax Formula On Casinos, Horse Racing And Online Games

The Goods and Services Tax (GST) Council meeting that was scheduled to be held in August this year has been delayed as the group of ministers' (GoM's) report for levying of GST on online gaming, horse racing, and casinos is yet to decide on whether to classify such games as games of skill or games of chance, a senior state government official told…
Finance
GST Council Meeting Delayed As States’ Ministers Undecided On Tax Formula On Casinos, Horse Racing And Online Games
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Centre Expected to Tax Online Gaming and Gambling Separately, Avoid Debate on Regulation

Group of Ministers delaying final say on GST rates for online games, relying on more feedback from industry stakeholders and legal counsel. However, experts warn that casinos, horse racing and online skill games are not only dissimilar but they also need a well-structured legal framework for taxation to actually work. The Group of Ministers (GoM)…
Finance
Centre Expected to Tax Online Gaming and Gambling Separately, Avoid Debate on Regulation
ABP News Live

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

A panel of Prime Minister Narendra Modi's top officials have said that India needs to have a regulatory body which will classify online games based on skill or chance. The body should also impose strict rules to ensure prohibited formats remain blocked and to come down hard on gambling websites, as per a report prepared by the government panel, as…
Law
New Indian Express

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

NEW DELHI: The Group of Ministers (GoM) on casinos, race courses and online gaming are open to considering different rates and valuation methods for all three games. This necessarily means that the GoM may have agreed to the demand for not treating the online gaming industry as betting or gambling. The shift in the stance of GoM happened after its…
Industry
Financial Express

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, delivering a win for the gaming industry. While the GoM is still undecided and has seeked legal opinion before submitting the final report of the goods and services tax (GST) levied on the industry, the report will no longer club online gaming…
Finance
GST on Online Gaming: GoM to tax casinos, gaming and horseracing separately
Financial Express

Bengal, UP back 28% GST on full value for online gaming

West Bengal and Uttar Pradesh on Monday supported goods and services tax (GST) on online gaming, horse racing and casinos at a uniform rate of 28% on the full value of the consideration, without making a distinction between games of skill or chance, even as the group of ministers (GoM) on the matter sought legal advice. The GoM will take legal…
Industry
Bengal, UP back 28% GST on full value for online gaming
Business Today

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 talk about levying GST on online gaming, casino and horse racing. The GoM is open to considering all three games as different and is further looking at legal opinion on the applicable rate and valuation base that will be considered for levying GST on all three formats. Meghalaya Chief…
Industry
GST on online gaming, casinos and horse racing soon, might be put in 28% slab
Business Standard

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

A panel of state finance ministers on taxation of casinos and on Monday met and decided to seek legal opinion on valuation criteria for all these segments. The Group of Ministers (GoM) headed by Meghalaya chief minister Conrad Sangma said, "After taking the opinion of stakeholders and after successive meetings to seek the suggestions of all…
Finance
GoM on casinos, online gaming taxation may finalise report in 7-10 days
StudyCafe

GoM meeting on valuation of GST on casinos, online gaming and horse racing

GoM meeting on valuation of GST on casinos, online gaming and horse racing The Group of Ministers (GoM) Meeting will be held to discuss the valuation mechanism for GST to be levied on casinos, online gaming, horse racing. 1. GoM on casinos, online gaming and horse racing to meet today. 2. GoM to form consensus on valuation mechanism for GST to be…
Industry
GoM meeting on valuation of GST on casinos, online gaming and horse racing
The Hindu BusinessLine

IT Dept urges winners of online gaming platforms to file, pay taxes ‘voluntarily‘

New Delhi, September 4|Updated on:Sep 04, 2022 The Income Tax Department has urged'winners' of ₹58000 crore during the last three years on an online gaming platform to come forward and file updated or revised return and pay the required taxes. A Group of Ministers (GoM) is meeting on Monday to finalise its recommendations for GST on online gaming,…
Finance
IT Dept urges winners of online gaming platforms to file, pay taxes ‘voluntarily‘
Business Standard

GoM on online gaming, casinos: No consensus yet on 28% GST on gross revenue

An empowered group of ministers (GoM) tasked by the (GST) Council to look into taxation of online gaming, races and casinos is yet to reach a consensus about imposing 28 per cent levy on gross gaming revenue (GGR). The group may take one or two weeks to finalise the report, although it was expected to be submitted by Wednesday. The panel headed by…
Finance
GoM on online gaming, casinos: No consensus yet on 28% GST on gross revenue
Brand Equity

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

ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday. 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 sources added. The GoM, under…
Industry
online gaming: GoM on casinos, online gaming, horse racing to submit report to FM Nirmala in a day or two: Sources
Business Standard

GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

A panel of state finance ministers on taxation of casinos and online gaming is likely to submit its report to Finance Minister Nirmala Sitharaman in a day or two, government sources said on Thursday. 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 sources…
Industry
GoM on casinos, online gaming to submit report to FM in 1-2 days: Report
Mint

GST on online gaming, casinos? Here's what is on proposal

A panel of states' finance ministers is likely to submit their report on taxation of casinos and online gaming to FM Nirmala Sitharaman in a day or two, as per a report by PTI news agency. At present, the current rate of GST on this sector of the online skill gaming industry is 18% on the Gross Gaming Revenue (GGR) and 0% on Contest Entry Fee…
Industry
GST on online gaming, casinos? Here's what is on proposal
ABP News Live

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

In order to regulate online gaming, the Tamil Nadu government now seeks input from the public on proposed legislation to control games such as online rummy. The development follows reports of at least 20 deaths by suicide that surfaced recently in the state owing to financial debts stemming from such games, including that of a woman who had to deal…
Rummy Games
Online Gaming Regulation Tamil Nadu Invite Stakeholder General Public Input Legislation Rummy Poker Gambling Nirmala Sitharaman Gom Gst
Animation Xpress

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

The Group of Ministers (GoM) reconstituted to examine taxation of casinos, racecourses, and online gaming recently met with industry bodies and leading operators to discuss the valuation approach for GST in online gaming and attempted to understand how online skill gaming is different from betting and gambling. The GoM heard the legal distinction…
Law
E-Gaming Federation appreciates the GoM in understanding online skill gaming differently from betting and gambling
ABP News Live

Gst Tax Online Gaming Conundrum

One of the biggest challenges facing the Governments today is the rapid evolving nature of the digital economy, with which the regulators are struggling to keep pace.In fact, the challenge posed by technology-enabled services means that even if one or few countries devise regulations, businesses can simply shift to another jurisdiction where the…
Finance
Gst Tax Online Gaming Conundrum
Sakshi Post

28 Pc GST On Online Gaming, Casinos And Horse Racing

It is reported that the finance ministers of Goa, Uttar Pradesh, Gujarat, Tamil Nadu, Maharashtra, and revenue officials of Telangana will finalize the imposition of GST on online gaming, casinos, and horse racing. The GST council has been mulling increasing the tax on online gaming to 28 percent. The GST Council has given the Group of Ministers…
Industry
28 Pc GST On Online Gaming, Casinos And Horse Racing
News18

GST: GoM Meet On Casino, Online Gaming Remains Inconclusive; To Meet Again Next Month

GoM members were all on board on levying a 28 per cent GST on all three activities - online gaming, casinos and race courses. Goods and Services Tax (GST): The group of ministers (GoM) on casinos, online gaming and horse racing, which has been tasked with examining the issue of levying a 28 per cent GST on these activities, met on Tuesday and the…
Industry
GST: GoM Meet On Casino, Online Gaming Remains Inconclusive; To Meet Again Next Month
Business Standard

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

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel…
Industry
GST: GoM to finalise report on casinos, online gaming by Aug 10
Mint

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

The Group of Ministers (GoM) will finalise its report on taxing casinos, online gaming and horse racing by 10 August. In a virtual meeting held on Tuesday, the GoM discussed various methods of taxation of casinos, horse racing and online gaming. According to reports, the state finance ministers' panel looking to bring online gaming and casinos…
Industry
GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug
Devdiscourse

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

The state finance ministers' panel looking to bring online gaming and casinos under GST failed to reach a consensus on Tuesday and decided to finalise its report by August 10. Officials said the Group of Ministers (GoM) held a virtual meeting on Tuesday and discussed various methods of taxation of casinos, horse racing and online gaming. The panel…
Industry
GST: Group of Ministers to finalise report on casinos, online gaming by Aug 10
Zee News

Will GST on casino, online gaming, horse racing be hiked from 18% to 28%? Crucial GOM meet to decide today

New Delhi: The meeting of the Group of Ministers (GoM) will be held on Tuesday to decide on GST tax bracket for casinos, online gaming and horce racing. On May 29, while all eyes were set on extension of GST compensation mechanism for states and a highest 28 percent tax rate on online gaming, casinos and horse racing, a GoM report on online gaming,…
Industry
Will GST on casino, online gaming, horse racing be hiked from 18% to 28%? Crucial GOM meet to decide today
Brand Equity

gst rates: GST on gaming and gambling: Don’t ‘game over’ before it has even begun

The group of ministers (GoM) meeting today to finalise modalities on taxing casinos, online gaming and horse racing have proposed a GST tax rate hike to 28% from the current 18% on the use of chips bought in a casino and real money online skill gaming. This may seem consistent with leveling the'playing' field with the legacy lottery industry, or…
Religion
gst rates: GST on gaming and gambling: Don’t ‘game over’ before it has even begun
Financial Express

GST GoM on casinos and online gaming to meet on Tuesday: UP minister

The ministerial panel on casino, race course and online gaming will meet on Tuesday to finalise its report on taxing these activities, ahead of the Goods and Services Tax (GST) Council meeting in the first week of August, Uttar Pradesh finance minister Suresh Kumar Khanna said on Friday while speaking at an industry body Ficci event here. The…
Industry
GST GoM on casinos and online gaming to meet on Tuesday: UP minister
Brand Equity

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

The Group of Ministers (GoM) 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 GoM for further discussion and set a deadline of July 15 for the…
Industry
gst on online gaming: GoM on GST levy on casinos, online gaming to meet on July 12
Financial Express

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 of Ministers (GoM) for further discussion and set a deadline of…
Industry
GoM on GST levy on casinos, online gaming to meet on July 12
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
GoM On GST For Casinos Online Gaming Horse Racing To Meet On July 12
Mint

Decision on GST levy on casinos and online gaming on July 12

The Group of Ministers on casinos, online gaming and horse racing will meet on July 12 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 of Ministers (GoM) for further discussion and set a deadline of…
Industry
Decision on GST levy on casinos and online gaming on July 12
TalkEsport

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

The GST Council adjourned the Group of Ministers on imposing 28% goods and services tax (GST) on casinos, online gaming, and lottery. The GoM formed under the orders of the GST Council is asked to submit the report on the issue after 15 days. Headed by Meghalaya chief minister Conrad Sangma, the members will review its proposals. The GoM will…
Finance
GST Council may not increase the tax rate on online gaming, casinos
Brand Equity

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

The group of ministers (GoM) 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, people aware of discussions said. The GST Council has given the GoM, headed by Meghalaya chief minister Conrad Sangma, time till July 15 to review its proposals. The…
Industry
Group of Ministers may not tweak 28% GST on online gaming, casinos
Financial Express

Online gaming and gambling stand at loggerheads on GST

By Maulik Nanavati and Manvi Damle The 47 GST Council meeting was held in Chandigarh from June 28-29, 2022. One of the agenda items which got deferred for decision is bracketing of online gaming, including skill gaming, with casinos and horse racing currently taxed at 28% and also a proposal to levy tax on the full contest entry amount instead of…
Industry
Online gaming and gambling stand at loggerheads on GST
5 Dariya News

Online gaming is gambling like casinos

Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling".Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether it is horse-racing or…
Industry
Online gaming is gambling like casinos
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India Today

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

The GST Council on Wednesday deferred the proposal to levy a 28 per cent tax on online gaming, casinos and horse racing. The council during the second day of its meeting in Chandigarh sent the proposal back to a Group of Ministers (GoM) on casinos, horse racing and online gaming to re-examine the issues after holding discussions with the states and…
Finance
GST council defers 28% tax on online gaming, casinos and horse racing
SME Futures

Online gaming gambling no decision on extending GST compensation date

Online gaming gambling: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". She also said on the issue of extending the Goods and Services Tax (GST) compensation from June 30, the views of some states were heard so far but nothing was decided. Addressing the media at the conclusion of…
Industry
Online gaming gambling no decision on extending GST compensation date
Punjab News Express

Online gaming gambling, no decision on extending GST compensation date: Sitharaman (Lead)

CHANDIGARH: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". She also said on the issue of extending the Goods and Services Tax (GST) compensation from June 30, the views of some states were heard so far but nothing was decided. Addressing the media at the conclusion of the two-day…
Industry
Online gaming gambling, no decision on extending GST compensation date: Sitharaman (Lead)
City Today

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

Prime News, National, Finance, Taxes, Chandigarh, June 30:- The GST Council on Wednesday (June 29) deferred a decision on levying a 28 percent tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders, Union Finance Minister Nirmala Sitharaman said. A group of ministers headed by Meghalaya Chief Minister…
Lottery
GST Council defers 28% tax on casinos, online gaming, horse racing and lottery
Daijiworld

Online gaming is gambling like casinos: Nirmala Sitharaman

Chandigarh, Jun 29 (IANS): Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether…
Industry
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
GST Council Defers 10 Hike On Online Gaming
Ommcom News

Online Gaming Is Gambling Like Casinos: Nirmala Sitharaman

Chandigarh: Union Finance Minister Nirmala Sitharaman on Wednesday categorically termed online gaming "nothing but gambling". Addressing the media at the conclusion of the two-day meeting of the Goods and Services Tax (GST) Council held in Chandigarh, Sitharaman said casinos, horse-racing, and online gaming are all gambling. "Whether it is…
Industry
Online Gaming Is Gambling Like Casinos: Nirmala Sitharaman
Financial Express

GST Council Meet HIGHLIGHTS: GoMs to re-deliberate tax rate on online gaming, casinos by July 15, says FM

GST Council Meet HIGHLIGHTS: The 47th GST Council, headed by Union Finance Minister Nirmala Sitharaman in Chandigarh, discussed and decided on four GoM reports. These were rate rationalization committee; casino, horse trading and lottery, online gaming; IT taxation; and movement of precious metal. FM Nirmala Sitharaman said that online gaming,…
Finance
GST Council Meet HIGHLIGHTS: GoMs to re-deliberate tax rate on online gaming, casinos by July 15, says FM
Financial Express

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

The Goods and Service Tax (GST) Council on Wednesday deferred a decision on the proposal to raise the GST on online gaming from 18% to 28% on the skill gaming to bring it at par with chance games involving gambling and betting, Karnataka chief minister BS Bommai said. "The decision on online gaming has been deferred. There were issues which needs…
Finance
GST Council defers decision to hike tax rate on online gaming to 28%
Hindustan Times

Casinos, online gaming, horse racing likely to pay 28 per cent GST: Report

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…
Industry
Casinos, online gaming, horse racing likely to pay 28 per cent GST: Report
Mint

Highest tax slab on online gaming may stunt growth

NEW DELHI: The government's plan to levy the highest goods and services tax (GST) slab on online gaming has the industry worrying about future growth plans. Industry experts and executives said that it could stunt the growth of online gaming firms and force fantasy sports firms to reduce the prize pools they offer, which could drive their big users…
Finance
Highest tax slab on online gaming may stunt growth
Daily Excelsior

28 pc GST likely on Casinos, Online gaming

NEW DELHI, June 26: The GST Council in its meeting this week is likely to vet a proposal of the panel of State Finance ministers on levying 28 per cent GST on Online gaming, casinos and horse racing, sources said.The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full…
Industry
28 pc GST likely on Casinos, Online gaming
Business Standard

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

The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…
Industry
28% GST likely on casinos, online gaming and horse racing: Report
Zee News

28% GST likely on casinos, online gaming, horse races on gross revenue: Report

New Delhi: The GST Council in its meeting this week is likely to vet a proposal of the panel of state finance ministers on levying 28 per cent GST on online gaming, casinos and horse racing, sources said. The Group of Ministers, headed by Meghalaya Chief Minister Conrad Sangma, has recommended that online gaming should be taxed at full value of the…
Finance
28% GST likely on casinos, online gaming, horse races on gross revenue: Report
CNBC TV 18

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

The GST council will discuss the Group of Ministers' (GoM) report on online gaming, casinos, and race courses and will also discuss law changes to facilitate provision for setting up the GST Tribunals, people in the know of the matter told.The GST council had appointed casinos, and race tracks, taking into account the concerns of both the…
Industry
Gst Council To Discuss Gom Report On Online Gaming, Race Courses And Casinos: Sources
Business Insider India

Rakesh Jhunjhunwala’s gamble on this stock is proving to be a bust after it slips 20% in a month

Some of the Big Bull Rakesh Jhunjhunwala-owned stocks have seen a major correction over the past few months. The latest to join the list is Delta Corporation, a Mumbai-based casino and recreation company. Rakesh Jhunjhunwala owned over 10% of Delta Corp back in 2016. Since then, he has been consistently paring down his holding. According to the…
Covid
Rakesh Jhunjhunwala’s gamble on this stock is proving to be a bust after it slips 20% in a month
SME Futures

The GST conundrum: A super hard level for the Indian online gaming sector

Uncharted, Evil Dead, Overwatch, Genshin Impact…these are not Hollywood films, but online games that give you a high adrenaline rush every time you dive into them. Every year, the number of online gamers in India surges due to the popularity of these visually enticing, heart-pounding games. According to EY research, the number of online gamers…
Industry
The GST conundrum: A super hard level for the Indian online gaming sector
Daijiworld

Meghalaya CM rejects demand to repeal gambling act

Shillong, May 22 (IANS): Meghalaya Chief Minister Conrad K. Sangma on Saturday ruled out repealing of the Meghalaya Regulation of Gaming Act, 2021, saying abolishing the act would incur loss of government revenue to the tune of Rs 8-10 crore. Responding to the demand to repeal the Meghalaya Regulation of Gaming Act, 2021 by the political parties,…
Law
United News Of India

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

Shillong: The northeastern state of Meghalaya has agreed to make big plans to bring casino and online gambling and gaming for tourists to rake in the much needed revenues in the state. Keeping the following in mind, a Group of Ministers (GoM) has agreed to recommend hiking the GST rate on casino, race course and online gaming services to 28 per…
Sports
Big News For Casino Lovers Online Gamblers horse racing in Meghalaya Details Here
Business Standard

GoM calls for 28% GST on online gaming, casinos; tax likely on face value

An empowered group of ministers (GoM) - set up to look into taxation of online gaming, casinos and races - has unanimously proposed a flat 28 per cent goods and services tax (GST) on these activities. The panel of ministers, which met on Wednesday, also decided that the tax will be levied on the entire "face value" or "bet amount" and not on the…
Finance
India Today

State finance ministers recommend 28% GST on online gaming, racecourses, and casinos

Online gaming platforms, racecourses, and casinos will have to shell out 28% GST on the gross gaming revenue if the recommendation of a group of state finance ministers is accepted by the GST Council. (Representative image) A group of state finance ministers set up to explore the quantum of GST and mode of taxation on casinos, racecourses, and…
Industry
State finance ministers recommend 28% GST on online gaming, racecourses, and casinos
Mint

Ministerial Group To Recommend 28% Gst On Casinos, Racecourses, Online Gaming

A group of ministers led by Meghalaya chief minister Congrad Sangma that is advising the GST Council on the taxation of casinos, race courses and online gaming, is set to recommend 28% GST rate on these. Sangma said in a social media post on Wednesday that the group of ministers has come to a consensus. The report of the GoM's submissions will be…
Industry
Ministerial Group To Recommend 28% Gst On Casinos, Racecourses, Online Gaming
Business Standard

Top headlines: Elbers appointed as IndiGo CEO; GST hike likely on casinos

KLM veteran Pieter Elbers to replace Ronojoy Dutta as IndiGo CEO from Oct 1 The country's largest domestic budget carrier IndiGo on Wednesday announced the appointment of Pieter Elbers as its Chief Executive Officer, replacing incumbent Ronojoy Dutta. The 71 year-old Dutta, who came to helm the airline in January 2019, has decided to retire on…
Industry
Top headlines: Elbers appointed as IndiGo CEO; GST hike likely on casinos
Northeast Now

Meghalaya: GoM reaches consensus on casinos, online gaming and racecourses

The group of ministers (GoM) has reached a consensus on matters relating to the GST regulations on casinos, racecourses and online gaming in Meghalaya. The GoM was set up by the union finance ministry. This was informed by Meghalaya chief minister Conrad Sangma on Wednesday after meeting the GoM. The GoM met Meghalaya chief minister Conrad Sangma…
Industry
Meghalaya: GoM reaches consensus on casinos, online gaming and racecourses
Mint

Online Gaming, Casino, Horse Racing To Soon Attract 28% Gst

18 May seems to be a D-Day for the online gaming sector as the Group of Ministers (GoM) has unanimously decided to impose 28% Goods and Services Tax (GST) on casino, race course and online gaming services. All kinds of online gaming will attract a GST of 28%, according to a CNBC-TV18 report. The structure on which GST will be levied has also been…
Industry
Online Gaming, Casino, Horse Racing To Soon Attract 28% Gst
Financial Express

Gaming vs Gambling, Skill vs Chance: Controversy surrounds the Gaming industry in India

By Gunjan Prabhakaran and Payal Thaker The online gaming industry has witnessed significant growth since its emergence way back in the year 2000, showcasing immense growth potential. Within a couple of decades, it grew to become more than a billion-dollar industry and continues to grow exponentially. The trajectory of the growth has been…
Industry
Gaming vs Gambling, Skill vs Chance: Controversy surrounds the Gaming industry in India
Outlook

28 Percent GST On Online Gaming? Industry Reckons May 18 Could Be 'Doomsday'

May 18 could be D-Day for the online gaming sector. More specifically, for the real money gaming domain that operates in India in various "skill-based" forms like fantasy cricket, rummy, poker, roulette, ludo, and even snakes and ladders! () For years, the Centre has deflected the issue of gambling/betting to the states under whom the matter lies…
Industry
News18

IAMAI Urges GST Council To Keep 18% Tax On Online Gaming

There is no clarity on whether this will apply only to real money games or casual games as well, given that the former being a sub-segment of online gaming. The Internet and Mobile Association of India (IAMAI) on Monday urged the GST Council to continue maintaining the GST on online gaming at 18 per cent and any further increase will hamper the…
Finance
IAMAI Urges GST Council To Keep 18% Tax On Online Gaming
Financial Express

Taxation: The right wager on online gaming

The Group of Ministers (GoM) on Casinos, Race Courses and Online Gaming convened for the first meeting earlier in the month to deliberate upon the rate and modality of Goods and Service Tax (GST) to be levied on these industries. Members of the GoM have since stated through various external interactions that there have been advanced discussions on…
Finance
Taxation: The right wager on online gaming
Brand Equity

States, take a chance on online gaming

A group of ministers set up to advise the Goods and Services Tax (GST) Council on taxing casinos, race courses and online gaming is looking at whether to increase the tax rate they are subject to and the valuation of the business. The current 18% tax rate is based on the premise that online games involve skill and do not constitute gambling. And it…
Industry
States, take a chance on online gaming
Zee News

Is it legal to play Online Satta King or Satta Matka game in India? Know here

New Delhi: Satta King or Satta Matka game, which is quite popular among the working class in the country, is often confused with lotteries or online fantasy games. Satta King or Satta Matka game can be losely translated as betting or gambling game. But Gambling is illegal in India. Ever since the British government introduced the Public Gambling…
Finance
Brand Equity

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

A group of ministers (GoM) tasked by the Goods and Services Tax Council to look into taxation of online gaming, races and casinos is likely to suggest a flat rate of 28%.A final recommendation on the rate, as also on whether the levy should be on the gross gaming revenue or per transaction, is likely to be made when the GoM meets again next week,…
Industry
GoM likely to moot flat 28% GST slab for online gaming
Mint

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

NEW DELHI:A group of ministers led by Meghalaya chief minister Congrad Sangma that is advising the GST Council on the taxation of casinos, race courses and online gaming which met in the capital on Monday, will meet again later this month to finalise its tax proposals to the Council, Sangma said after the meeting. The Council is currently examining…
Finance
Gom On Casinos, Online Gaming To Finalise Tax Proposals This Month
Financial Express

GST on Online Gaming needs to be looked differently than Casinos and Horse Racing

The GST Council and Ministry of Finance had constituted a Group of Ministers (GoM) to determine the GST rate and taxation on Casinos, Race Courses and Online Gaming which was subsequently reconstituted again and is scheduled to meet on 2nd May 2022 under Meghalaya Chief Minister Conrad Sangma. There have also been well established decisions by…
Industry
GST on Online Gaming needs to be looked differently than Casinos and Horse Racing
The Hindu BusinessLine

GoM on GST for casinos, race course and online gaming reconstituted

New Delhi, February 13|Updated on:Feb 13, 2022 The Finance Ministry has reconstituted the Group of Ministers to look into GST-related matters related to casinos, race course and online gaming. However, there is no change in Terms of Reference (ToR) Now, Meghalaya CM K Sangama will be convenor, replacing Nitin Patel, who was dropped from the…
Industry
GoM on GST for casinos, race course and online gaming reconstituted
Punjab News Express

Single tax rate for online gaming ‘desirable’ to avoid litigation: report

In May, a seven-member group of ministers (GoM) was convened by the GST Council to examine and address taxation issues related to the online real money games India sector. One of the issues was the different tax rates levied to the segments under the umbrella of gambling. For instance, the standardized goods and services tax (GST) places a 28…
Finance
Single tax rate for online gaming ‘desirable’ to avoid litigation: report
The Shillong Times

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

Navigating the complex and dynamic Indian legal, taxation and court practice landscape concerning activities like betting, gambling and lottery requires the help and expertise of top specialists. The government is taking steps to assess the situation in view of recommending regulatory changes. India's Goods and Services Tax (GST) Council has formed…
Law
GST Council Sets to Tackle Ambiguous Taxability Issues of Casino and Online Gaming Platforms
The Hans India

Legalizing gambling in India-here's why it's necessary

As the popularity of online gambling continues to explode-not just in mobile-first India, but also globally-amid the ongoing coronavirus lockdowns, one important question lingers: when is the right time to regulate the industry? Regulation, market oversight'absent' in India: study A new research carried out by H2 Gambling Capital on behalf of The…
Law
Legalizing gambling in India-here's why it's necessary
The Week

Panel of State Ministers Examines Casino and Online Gaming Services for GST Purposes

The Union's GST Council is waiting for the report on casinos, online gaming and horse racing by the new body of state ministers. In addition to valuation of services and taxation matters, the report will also look into current legislation and administration processes. Industry welcomes any steps towards regulation, while India comes out last in a…
Industry
Panel of State Ministers Examines Casino and Online Gaming Services for GST Purposes
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