#GST

Lexology

Online Gambling Regulatory Update

On 28 March 2024, the New Zealand Taxation (Annual Rates for 2023-24, Multinational Tax, and Remedial Matters) Act ('Act") containing amendments to the Gaming Duties Act 1971 was passed by the New Zealand Parliament and has subsequently become law. The Act introduces a new type of gaming duty, known as the' offshore gambling duty'. This duty aims…
Law
readwrite.com

India eyes $1.7 billion online gambling tax after controversial levy

India is aiming to collect around 140 billion rupees ($1.7 billion) in tax over the next financial year from online gambling operations. As reported by Reuters, Revenue Secretary Sanjay Malhotra set out the proposed return on tax in the 2025 financial year. He indicated the government expects to receive around 75 billion rupees for the current…
Industry
India eyes $1.7 billion online gambling tax after controversial levy
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Hindustan Times

India aims to collect $1.7 billion from online gambling tax in FY25

Indian expects to collect up to 140 billion rupees ($1.7 billion) in goods and services tax (GST) next financial year by taxing online gambling companies, Revenue Secretary Sanjay Malhotra told Reuters on Saturday. The government in October imposed a 28% tax on funds that online gaming companies collect from their customers for every bet, shocking…
Finance
India aims to collect $1.7 billion from online gambling tax in FY25
Hindustan Times

Casinos: Goa's trump card or bad bet?

Goa's largest casino operator the Deltin Group and its two subsidiaries, HighStreet Cruises Pvt Ltd and Delta Pleasure Cruise Pvt Ltd, which runs three offshore and one 5-star casino in Goa, possibly the state's single largest tax contributor, are battling multiple notices from the tax authorities that, if penalties are included, amounts to ₹23000…
Law
Casinos: Goa's trump card or bad bet?
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India Post

Who are the Real Winners?

Online gaming is one of the world's fastest-growing and most profitable sectors, particularly in India, where millions of individuals enjoy sports betting, casino games, poker, fantasy sports, and other activities. Online gaming is also one of the most contentious and regulated sectors in the world, particularly in India, where the legal status and…
Industry
SME Futures

- Madras high court upholds Tamil Nadu’s online gambling act, exempts games of skill

In a significant ruling on November 9, 2023, the Madras High Court maintained the validity of the Tamil Nadu Prohibition of Online Gambling and Regulation of Online Games Act, 2022. However, the court clarified that the act's restrictive provisions would only be applicable to games of chance, exempting games of skill such as rummy and poker. This…
Law
- Madras high court upholds Tamil Nadu’s online gambling act, exempts games of skill
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
After online gaming firms, GST authorities set sights on casinos
World Casino News

Fun88 Chosen As Best Operator For Online Wagering In India

Following the many shutdowns of well-known operators in India that have taken place recently, Fun88 has quickly came out as the main destination for gaming and online wagering fans in the said country. Additionally, Fun88 offers Indian customers a safe and exciting wagering experience with odds to wager on World Cup, a much-awaited event in the…
Sports
Fun88 Chosen As Best Operator For Online Wagering In India
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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
Govt notifies online money gaming, gambling, casino under Customs Tariff Act with NIL rate
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
Mint Primer: The gamble with online gaming: ₹1.5 trillion in taxes?
Mint

Deposit refunds by casinos, online gaming sites taxable

The finance ministry on Wednesday notified the way deposits made to online gaming platforms and casinos will be treated for tax purposes, clarifying that refunds made to the player will not get any relief on tax. The changes are introduced by amending CGST rules 2017, by way of CGST (Third Amendment) Rules, 2023, which are effective from a date to…
Industry
Deposit refunds by casinos, online gaming sites taxable
The Tribune India

India introduces 28% tax on online gambling sector

Since last July, the government of India has announced its intention to levy a 28 percent tax on funds collected by online gaming companies from their customers. The decision could be considered to become a significant blow to the thriving online gaming sector in India. This decision has also sent shockwaves throughout the gaming community. The 28…
Industry
India introduces 28% tax on online gambling sector
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RNZ

Nicola Willis backs online gambling tax numbers 'estimates of the black market are good'

National has defended the costings for its online gambling tax, saying it is more than GST and includes corporate taxes and casino fees. Labour's Kieran McAnulty and Barbara Edmonds argue the policy would require a four-fold increase in online gambling. National's Nicola Willis says the black market is bigger than they are assuming. The proposed…
Law
Nicola Willis backs online gambling tax numbers 'estimates of the black market are good'
Mint

Parliament clears 28% GST on online gaming, casinos

New Delhi: The Parliament has approved the necessary legislative modifications for implementing the Goods and Services Tax (GST) Council's proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs. According to a notification issued on Friday, the legislation will be…
Industry
Parliament clears 28% GST on online gaming, casinos
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Gaming stock falls up to 5% after withdrawing IPO as 28% GST on Casinos will be Implemented from October 01

A gaming company's share price plummeted 8 percent to reach an intraday low of ₹ 181.10 apiece on the National Stock Exchange (NSE) after an announcement in the 51st meeting of the GST Council on August 02, 2023, regarding Goods and Services Tax (GST) on online gaming, casinos and horse racing. At 12:36 PM, Delta Corp's shares were trading at ₹…
Industry
Gaming stock falls up to 5% after withdrawing IPO as 28% GST on Casinos will be Implemented from October 01
MediaNama

Madras HC questions why Tamil Nadu can't ban online gambling

Last week, a Madras High Court bench questioned why Tamil Nadu's competence to ban online gambling was being doubted, given that states have the constitutional jurisdiction to regulate'betting and gambling', reported Times of India. Chief Justice Sanjay Vijaykumar Gangapurwala and Justice P.D. Audikesavulu were hearing the online real money gaming…
Law
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%
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
India approves 28% tax on online gaming, horse racing, and casinos; shares of gambling firms slide after decision
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Lawmakers in India Consider Imposing 28% Tax On Online Gambling

Image Source: Shutterstock.com The growing gambling industry in India may be subject to a new, increased tax rate, following a decision made by lawmakers Tuesday. The country's Goods and Service Tax Council, the regulatory body in charge of recommendations to the implementation of the Goods and Services Tax (GST) confirmed it has agreed to…
Law
Lawmakers in India Consider Imposing 28% Tax On Online Gambling
infotechlead.com

Shares of Indian casino and online gaming cos plummet

The imposition of a 28 percent tax on the money collected from customers by Indian gaming companies, including online gaming firms and casino operators, has had a significant impact on the industry. This move, announced by India's Goods and Services Tax (GST) Council, has resulted in a substantial decline in the value of shares for companies such…
Industry
Shares of Indian casino and online gaming cos plummet
Business Today

Delta Corp investors lose Rs 1,321 crore as gaming and casino stock slips another 10%

The crash in Delta Corp Ltd shares in early deals today led to a decline in the market capitalisation of the gaming and casino firm by Rs 1321.45 crore. Market cap of Delta Corp fell to Rs 5287.14 crore today against Rs 6608.59 crore in the last session. The correction in the stock came after the GST Council decided to levy a 28 per cent GST on…
Finance
Delta Corp investors lose Rs 1,321 crore as gaming and casino stock slips another 10%
CNA

India's gaming, casino firms slide on tax blow

BENGALURU:Shares of Indian casino operator Delta Corp lost over a fifth of their value on Wednesday, while online gaming firms also dropped after the country's tax authorities imposed a 28 per cent tax on the money such companies collect from customers. These companies will now have to pay a 28 per cent tax on the entire amount collected from…
Finance
India's gaming, casino firms slide on tax blow
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
India Blooms

A Chat on Online Gambling and Gaming Laws in India

The legal framework has been dragged along for a long time, and the Public Gambling Act of the 1800s still governs gambling legislation. Moreover, the concept of games of skill and games of chance is subjective, which makes it challenging to regulate online gambling in India. The concept of games of skill and games of chance is subjective, and…
Law
A Chat on Online Gambling and Gaming Laws in India
Insights On India

Online Gaming: A changing scenario on the cards

Context: Tamil Nadu Assembly re-adopts Bill against online gambling What is Online gaming? It refers to video games/mobile games that are played over the internet through various devices. E.g., multiplayer online battle arena (MOBA) games, first-person shooter (FPS) games, massively multiplayer online role-playing games (MMORPGs), and many…
Industry
CNBC TV 18

Online Gaming Attracts 28% Gst, Government Tells Parliament

The Union Minitry of Finance on Tuesday said online gaming attracts 28 percent Goods and Services Tax (GST) and that there is no proposal under consideration to legalise it. "Actionable claims in the form of betting and gambling including those arising from online gaming attract 28 percent GST and the GST Act does not make the levy dependent on…
Industry
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
CNBC TV 18

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
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
tradebrains.in

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
The Indian Express

GST on online gaming, casinos, racing: issues in the debate

The final call about the valuation mechanism, however, will be taken by the GST Council as the GoM members have differed on whether it should be levied on the platform fee or the entire amount paid by the participants. The panel, which met on Tuesday (November 22), is likely to fall back on the initial report presented before the GST Council in…
Industry
Brand Equity

online gaming ban: Ban promotion of online gambling, Karnataka BJP MLA implores Centre

Former Karnataka law & education minister S Suresh Kumar has written to Union Ministers Amit Shah and Nirmala Sitharaman urging them to ban the promotion of online games involving monetary bets through advertisements, text messages, mobile calls and other forms of marketing. In separate letters, he said he was aware of the court rulings allowing…
Law
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
Kashmir Life

GST fail to reach a consensus on online gambling and gaming in India

A proposed blanket tax rate of 28% on goods and services could severely hamper the booming gaming and gambling sector in India. This rate hike on Goods and Services Tax (GST) would be applicable to all types of online gaming. Currently, the GST is 18%, and an increase to 28% is believed to make it unviable for many companies to conduct business in…
Law
GST fail to reach a consensus on online gambling and gaming in India
Brand Equity

TCS faces hiring bias lawsuit in US; BJP MLA asks Centre to ban online gambling ads

In 2018, a California district court ruled in favour of TCS in a lawsuit filed by three former employees who accused the IT services provider of discrimination in hiring. Now, the company faces a similar class-action lawsuit, filed by a disgruntled former employee who alleges that it has repeatedly favoured Indian and South Asian job-seekers in the…
Law
Stuff

Christchurch Casino to bypass NZ rules by launching online gambling platform in Malta

The new offshore subsidiary would be known as Christchurchcasino.com Limited and would partner with a licensed international gaming company, company chairperson Bruce Robertson said. Online gambling is on the rise with experts warning about the increased risks to individuals who can gamble in secret and around-the-clock. It is currently illegal for…
Industry
Christchurch Casino to bypass NZ rules by launching online gambling platform in Malta
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
Zee Business

Zee Business Exclusive Report: Govt mulls stricter norms, regulations on online gaming, betting, and gambling

The government is planning to tighten the noose around betting, online gaming, and gambling by imposing regulations to curb and bring them under legal purview, Zee Business Special Correspondent Tarun Sharma said in his exclusive report while speaking to Managing Editor Anil Singhvi. In a meeting convened under the chairmanship of the Home Affairs…
Industry
Zee Business Exclusive Report: Govt mulls stricter norms, regulations on online gaming, betting, and gambling
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
Great Andhra

IT doesn't differentiate Legal & Illegal Gambling

The Government Wants 30+ Percent of Your Gains No Matter Where You Got Them Wherever and however you have stricken a winning from playing whatever game, from a live casino entertainment, an online fantasy sports tournament, to a completely illegal chance draw, you owe to the government a substantial portion of it, which in practice is exceeding 30…
Law
IT doesn't differentiate Legal & Illegal Gambling
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
India Legal

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

Cash Starved Meghalaya Bets On Boosting Revenues With Gambling Tourism-BW Partners

State Gov't Expects Tax and Employment Generation from Licensing Offline and Online Gaming. 1661157306_mfEjId_BusinessWorld_Cash_Starved_Meghalaya_Bets_on_Boosting_Revenues_with_Gambling_Tourism.jpg Last year, the'Abode of Clouds', as the scenic mountainous north-eastern state of Meghalaya is known, adopted a new Gaming Act and backed it up with…
Travel
Cash Starved Meghalaya Bets On Boosting Revenues With Gambling Tourism-BW Partners
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
India Infoline

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

On July 23 in Bengaluru and on July 24 in Goa, the ministerial panel on casinos, racetracks, and internet gaming will convene in order to hear from the gambling and horse racing industries on the taxes of their respective industries. The GoM will likely hear from Bangalore Turf Club about a variety of racing-related topics, including GST-related…
Industry
Kashmir Patriot

Time to Remove Legal Gray Areas for India’s Online Gaming Industry, Market Analysts Say

Digital media and tech industry outlets have been piling the pressure on the government to take a serious look at online games and their regulation. Legal ambiguity threatens the industry growth, puts it at a disadvantage compared to offshore platforms and fails to protect players, experts remind. Online and mobile games have entered our daily…
Industry
Time to Remove Legal Gray Areas for India’s Online Gaming Industry, Market Analysts Say
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
Financial Express

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 July 24 in Goa to get industry perspective on taxation of horse racing and casinos, respectively. Bangalore Turf Club will likely make a presentation to the GoM on various aspects of the racing and issues related to GST. In Goa, the GoM will…
Winnings
GST GoM on casinos to meet on July 23-24
Brand Equity

View: Policy needs to demarcate the difference between gambling and gaming

The issue with taxing casinos, horse racing and online gaming, which the Goods and Services Tax (GST) Council has tasked a group of state ministers (GoM) with, is the treatment of actionable claims that creditors have on debtors. The GST legislation permits taxing such claims only if these involve'lottery, betting and gambling'. To tax the winnings…
Finance
View: Policy needs to demarcate the difference between gambling and gaming
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
The Hindu

Taxing the online gaming industry on par with gambling will stifle growth: Winzo

The GST Council on Wednesday deferred its decision on levying a 28% tax on casinos, online gaming, horse racing, and lottery pending more consultations with stakeholders. Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes at the intersection of technology, business and policy. Click here to subscribe for free.) "We…
Law
Taxing the online gaming industry on par with gambling will stifle growth: Winzo
Brand Equity

Online Gaming: Taxing online gaming industry on par with gambling will stifle growth: Winzo

Indian gaming ecosystem is expected to have 10 unicorns and 5 decacorns in the next five years but high tax on entire online gaming industry at par with gambling will stifle growth, online gaming company Winzo said on Friday. The GST Council on Wednesday deferred its decision on levying a 28% tax on casinos, online gaming, horse racing and lottery…
Law
Online Gaming: Taxing online gaming industry on par with gambling will stifle growth: Winzo
BW Businessworld

Taxing Online Gaming Industry On Par With Gambling Will Stifle Growth Winzo

Winzo believes 28 per cent tax on gaming will have serious implications on development of the sector 1626067912_Pw4IEb_gaming.png The GST Council on Wednesday deferred its decision on levying a 28 per cent tax on casinos, online gaming, horse racing, and lottery pending more consultations with stakeholders. "We at WinZO believe that India will…
Law
Taxing Online Gaming Industry On Par With Gambling Will Stifle Growth Winzo
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)
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