#Winzo

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
Pricebaba

Money Earning Games [December 2022]: Top 10 Best Paytm cash-earning games in India

Not so fond of football or cricket? Instead of such outdoor games, there are many indoor games that satisfy the players' urges. In fact, for jobseekers, this is paradise as earning can be clubbed with playing games to earn some Paytm cash. With a bit shift from the traditional way of playing or doing jobs, Paytm provides an amazing opportunity to…
Top and Best
Money Earning Games [December 2022]: Top 10 Best Paytm cash-earning games in India
Wild Casino
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
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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
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