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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
Super Slots
BW Businessworld

Karnataka HC Strikes Down State s Online Gambling Law Gaming Industry Leaders Reacts

These petitions had challenged the constitutional legitimacy of revisions made to the Karnataka Police (Amendment) Act that had prohibited all types of internet gaming where the move of money is involved. Amid the months-long controversy, the Karnataka High Court, on Monday struck down the state's online gambling law as unconstitutional. On…
Law
Karnataka HC Strikes Down State s Online Gambling Law Gaming Industry Leaders Reacts
The Hindu BusinessLine

Gaming industry optimistic about upcoming Karnataka Draft Bill on online gambling and betting

As Karnataka inches towards banning online gambling and betting, industry groups representing gaming start-ups are optimistic that the State Bill will make the distinction between the game of skills and game of chance, going by the definition of the online game shared by Law and Parliamentary Affairs Minister, JC Madhuswamy. The Karnataka Draft…
Industry
Gaming industry optimistic about upcoming Karnataka Draft Bill on online gambling and betting
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