#Gujarat

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
Brand Equity

gambling sites ads: ETtech Exclusive: Ads of betting, gambling sites still in play on social media

are continuing to aggressively advertise on social media platforms despite India's new gaming regulations prohibiting betting and wagering of any kind. This also places the websites and companies that deal in this space in contravention of guidelines from the Ministry of Information of Broadcasting, in early April, directing media companies and…
Gambling Sites
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Woman's Era

Provably Fair Crash Games Change the Way We Play Online Casino

Ever since the first online casinos appeared almost three decades ago, it has been all about getting more immersive and interactive. Present day internet gambling platforms offer gaming experiences with HD video streaming and augmented reality elements that are no less engaging than walking on an actual casino floor, and we've not even begun…
Games
Provably Fair Crash Games Change the Way We Play Online Casino
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
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Qrius

IMTF Established to Delve Into New Online Gaming Laws

With increased access to technology, online gambling has become big business globally and India is no exception as Asia's foremost economy. However, despite the lucrative economic opportunity, governments globally have struggled to legislate the sector in such a way that they can take advantage of the revenue-generating potential of the industry…
Law
IMTF Established to Delve Into New Online Gaming Laws
The Blunt Times

Deltin Group was caught aback by RedboxGlobalIndia’s fake tweet on casino license approval in Daman

Surat (Gujarat) [India]: The Deltin Group was caught aback after RedboxGlobal India, a reputable Indian financial audio news site, tweeted that the long-awaited casino license for the Deltin Hotel in Daman had been approved by the UT Administration of Daman, Diu, and Dadra and Nagar Haveli (DNH). Deltin's share price appreciated by almost 7 percent…
Trust and Safety
Deltin Group was caught aback by RedboxGlobalIndia’s fake tweet on casino license approval in Daman
Latin Times

21-Year-Old Man Kills Himself After Losing Money In Online Gambling

A 21-year-old man reportedly took his own life after losing a significant amount of money in online gambling games in Ahmedabad, Gujarat, India on Sunday, Sept. 11. The deceased man, identified as 21-year-old Prabhat Sharma, reportedly began playing online games and gradually shifted to online gambling last year. However, Sharma allegedly began…
Incidents
21-Year-Old Man Kills Himself After Losing Money In Online Gambling
Punjab News Express

The Rise of Live Casino Games in Indian in 2021

Like most of the rest of the world, Indians spent a lot of time at home in 2021. More so than ever, Indians discovered live casino games in their quest for entertainment as other forms of public entertainment were restricted. A website which follows live gaming in India, LiveOnlineCasino.in, has reported huge growth in the Indian live gaming sector…
Games
The Rise of Live Casino Games in Indian in 2021
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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
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
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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
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
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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
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
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
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
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
Techstory

What is the legal situation of Online Gambling in India?

Gambling is a part of Indian traditions; people play it on auspicious occasions with their families. Furthermore, India has a large population that frequently gambles. As a result, the country's annual gambling turnover is tens of millions. People bet in the land-based casinos and at homes with their families. In addition, people also gamble…
Covid
What is the legal situation of Online Gambling in India?
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
The News Minute

Online Casino Is Booming, Data Reveals Which Indian States Gamble The Most

Statisticians found that India's online gambling demographics are diverse, with just six major cities making up for two-thirds of all internet betting. As India's central government struggles to decide on gambling laws in the country, recent research by media companies shows that this is one of the largest unregulated gambling markets in the world,…
Law
Ahmedabad Mirror

Online gambling may also invite 2-year jail term

Online gambling may soon come under the ambit of strict gambling laws in Gujarat. At present, those found indulging in online gambling are booked only under the Information Technology law which does not carry a strict punishment. The Gujarat Prevention of Gambling Act, 1887, carries a six-month jail term but is silent on online gambling…
Incidents
Online gambling may also invite 2-year jail term
Mint

Did you gamble during Diwali? Here’s how winnings are taxed

When you think Diwali, lights, sweets and crackers are not all that constitutes the widely celebrated festival. In some parts of the country, playing cards with friends and family also make up a big part of the celebrations that starts almost a week in advance. However, gambling, even when played as part of festivities, draws tax. Gambling's legal…
Winnings
Did you gamble during Diwali? Here’s how winnings are taxed
The Prime Time

15 Caught Red-Handed inside Illegal Gambling House in Varca

Casinos in Goa finally get the long-awaited green light to reopen. In the background, 15 people are facing the new penalties for illegal gambling, while players in the state get more cyber oriented. The Bust Comes 2 Days before Goa Casino Operation Relaxations Chips of different colors worth ₹ 6.9 lakhs were found among 15 people allegedly playing…
Law
15 Caught Red-Handed inside Illegal Gambling House in Varca
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 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
MediaNama

Plea in Kerala HC seeks ban on online gambling, particularly rummy

There is a fresh plea, this time in the Kerala High Court, asking for online gambling and wagering platforms - or real-money gaming platforms depending on what state you are in - be regulated and monitored. Filed by one Pauly Vadakkan, a film director, the petition pleaded the Kerala HC to declare online betting and gambling, particularly online…
Rummy Games
Plea in Kerala HC seeks ban on online gambling, particularly rummy
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