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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…
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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…
Latestly
Online Betting and Gambling Apps: No Plans To Legalise It, Centre Tells in Rajya Sabha
Team Latestly
|Dec 21, 2022 01:02 PM IST
Centre on Wednesday said that there are no plans to legalise online betting and gambling apps currently. Answering to the questions on online betting and gambling in Rajya Sabha, the centre said that there is no proposal under consideration, in response to the question - whether Government has any plans to…
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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…
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…
ABP News Live
The Need To Regulate Online Gaming Has Entered India’s Political Agenda
In December last year, a member of parliament brought the attention of the house to the
urgent need of adopting a comprehensive regulation over online gaming in India
aiming to curb societal costs such as gambling addictions and financial ruin in citizens.
Senior BJP leader and M.P. Sushil Kumar Modi spoke during the Rajya Sabha Zero Hour…
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Financial Express
TDS Deduction on Online Gambling: How is TDS deducted on Online Gambling Sites?
TDS Deduction on Online Gambling Sites: Online gambling sites have to deduct TDS for payment of any amount over Rs 10000. Currently, there is no specific classification of assessees and codes for online gambling sites under the Income Tax Act. Therefore, activity-wise granular data in respect of taxes paid is not maintained by the Central Board of…
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News18
TN Plans 'Emergency Law' to Ban Online Gambling as Chennai Woman's Death by Suicide Triggers Outrage
The state has been seeing an increase in deaths due to online gambling. (PTI File Photo)
Tamil Nadu Chief Minister M K Stalin on Friday ordered the formation of a committee to pass an emergency law against online gambling in the state. The committee will be headed by retired High Court Judge K Chandru, who is known for his social advocacy and…
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…
MediaNama
There is no proposal to include online gaming with gambling: MeitY in response to a parliamentary question
The Indian government has no proposal to include online gaming under the category of gambling, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar said in
response
to a question in the Rajya Sabha.
The ministry said that "the government is aware of the growing number of online games available in India and also the…
Telecom The Economic Times
online gaming: No proposal no bring online games under ‘gambling’ category: Govt, Telecom News, ET Telecom
The government is aware of risks and user harms linked to involving money transactions and their advertisement through various media channels, but the information technology ministry has no proposal to bring them under the category of'', Parliament was informed on Friday.
Minister of State for Electronics and said the government is aware of the…
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online gaming industry: Govt must regulate online gaming industry: Rajya Sabha member Sushil Kumar Modi
Voicing concern over children getting addicted to
mobile games, Rajya Sabha member and senior
BJP
leader
Sushil Kumar Modi
on Friday demanded that the government should regulate the
online gaming industry
and impose a uniform tax on it. Raising the issue during the Zero Hour, he said these online games have now given way to gambling and betting.…
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This cyber game may be a losing bet: Karnataka readies to ban online gambling
Karnataka
is readying to ban
online gambling, joining
Kerala
and
Andhra Pradesh
in amending the law to implement the curbs that it says are necessary to protect citizens from the risk of losing heavily in cyberspace.
The move comes even as a
Tamil Nadu
law to this effect was struck down by the Madras High Court last month.
The state has proposed a…
