Page 13 - Online Gaming

SJM calls for cap on entry fees for online games amid regulatory push

"Ticket size should be regulated. It should not be more than 50 rupees. This is an addiction," said Ashwani Mahajan, an official of the Swadeshi Jagran Manch

Winzo sues Google to stop new gaming policy, calls it discriminatory

Online gaming platform Winzo has sued Google to stop the tech giant from allowing real-money games for fantasy sports and rummy on its platform

Govt panel calls for regulatory body, new law for online gaming: Report

In its confidential draft report dated Aug 31, the panel of govt officials calls for creation of a new regulatory body under IT ministry to determine which online games qualify as games of skill

Top headlines: AI puts in place transformation plan;BPCL divestment stalled

The carrier, which plans to induct 30 new wide-body and narrow-body aircraft, on Thursday announced 'Vihaan.AI', a comprehensive transformation plan with a detailed road map for next five years

Playing on the 5G success: India's gaming sector set to get a boost

India's gaming user base saw massive growth during the pandemic, but network issues and performance have frustrated many enthusiasts

UP joins lottery lobby as West Bengal pushes for 28% GST on online gaming

West Bengal, a state with a flourishing lottery business, has been joined by Uttar Pradesh, where there is a lottery ban, to push for a 28 per cent GST for online skill gaming

Industry hails decision to separate gaming from gambling, horse racing

In July, the GST Council announced a 28 per cent tax on the industry, which experts and companies largely agreed to. Currently, an 18 per cent tax is applicable on the gross gaming revenue (GGR)

GoM for different GST on sports betting, casinos and horse racing

Group of ministers to seek legal opinion for the move

GoM on casinos, online gaming taxation may finalise report in 7-10 days

A panel of state finance ministers on taxation of casinos and online gaming 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 members, we will take legal opinion before submitting the final report". The GoM on casinos and online gaming taxation is likely to finalise its report in 7-10 days, he said after the meeting here. The panel in an earlier report had proposed to the GST Council to levy 28 per cent GST on gross sales value as horse racing, online gaming and casinos are akin to betting or gambling. Sources said the GoM is open to considering different rates and valuation mechanisms for online gaming, casinos, and horse racing. The government in May last year set up a panel of state ministers for better valuation of services of casinos, online gaming

Top Headlines: Unrealistic deadlines for EVs, Mistry's demise, and more

Cyrus Mistry, former chairman of Tata Sons and scion of the Shapoorji Pallonji group, died in a car accident near Mumbai on Sunday.

Tax dept unearths Rs 58,000 cr in winnings of players on Indian gaming app

Winners have to pay about Rs 20,000 crore in tax

No direct relation between suicide, online gaming: Expert to TN govt

"There isn't sufficient data available both before and after online gaming was legalized to correlate suicide with online gaming," the research concludes

GoM on casinos, online gaming to submit report to FM in 1-2 days: Report

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.

GoM on online gaming, casinos: No consensus yet on 28% GST on gross revenue

GGR is the total amount collected by casinos and online gaming companies before shelling out the money to the winners

Why has BGMI been taken down from Google and Apple app stores in India

The game's developer Krafton confirmed that BGMI had been suspended. Here's why the game has been removed and what the developers have to say about it

'Online gaming platforms treated illegal when game of chance is involved'

Betting, gambling are unlawful in most parts of the country and online gaming platforms are treated as illegal when game of chance is involved in those platforms, Parliament was informed on Wednesday.

BGMI delisting from Google, Apple app stores adds to gaming sector's woes

Gaming platforms suggested regulations to address the game addiction, rather than a blanket ban

Ministerial group meeting on online gaming inconclusive over legal issues

Next meeting likely in New Delhi by month end; final report by August 10

GST Council defers tax on casinos, lottery; GoM to re-deliberate by July 15

The GoM will have to submit report by July 15 and then the Council will meet either on August 1 or in the first week of August, says FM Sitharaman

Top headlines: GST on casinos deferred; marketing freedom to oil producers

Briefing reporters about deliberations at the two-day meeting of the GST Council, Finance Minister Nirmala Sitharaman said finance and other ministers of 16 states spoke on the compensation issue