Page 14 - Online Gaming

Top headlines: 28% tax on online gaming, Dish TV-YES Bank tussle, and more

Business Standard brings you the top headlines at this hour

Blanket 28% GST could hit online gaming badly in India, says industry

The country's gaming industry is currently estimated at $1.5 billion

Stiff regulations, high taxes: Govt controls electronic sports joystick

India is a fast-growing high-potential gaming market, but per capita spends still very low

Online gaming industry worried at possible GST hike on skill-based games

EGF, AIGF said that what is more worrying is some reports suggesting that the tax may be levied on total pool (prize money pooled plus the platform commission), and not on gross gaming revenue (GGR)

GST Council may treat fantasy games on a par with gambling, taxed at 28%

GST Council is likely to consider system-led enforcement reforms

ED files charge sheet in case linked to illegal online gaming apps in Goa

The ED on Wednesday said it has filed a charge sheet before a Goa court in a money laundering case linked to placing of illegal bids through an online poker gaming app

47th meeting of GST Council to be held on June 28-29 in Srinagar: FinMin

The meeting assumes significance as it is expected to discuss the report of the panel of state ministers on rate rationalisation and also the tax rate on casinos, race courses and online gaming

Eyeing 3 million users, Mobile Premier League starts Poker Academy

As part of the Academy, MPL will curate beginner, intermediate and advanced levels of content catering to all types of gamers, the company said in a statement

GoM calls for 28% GST on online gaming, casinos; tax likely on face value

At the moment, most online gaming platforms pay 18 per cent on the commission collected by online gaming platforms for each game

Govt may levy 28% GST on casinos, online gaming as GoM finalises report

The panel of ministers tasked to review the GST levy on casinos, race courses and online gaming has finalised its report, which will be taken up in the upcoming GST Council meeting. The Group of Ministers, chaired by Meghalaya chief minister Conrad Sangma, had in its previous meeting earlier this month unanimously decided on hiking the tax rate on these services to 28 per cent. The GoM met again on Wednesday and finalised the method of valuing these services for the purpose of levying this tax. "The Group of Ministers (GoM) on casinos, race courses & online gaming has come to a consensus. The report of our submissions will be handed over to Hon'ble FM, Smti. @nsitharaman Ji in a day or two & the matter will be presented in the next @GST_Council Meeting," Sangma tweeted. At present, services of casinos, horse racing and online gaming attract 18 per cent GST. The government had in May last year set up a panel of state ministers for better valuation of services of casinos, online

Microsoft Xbox Live gaming suffers massive outage, fixed after hours

The Xbox Live outage stopped some players from launching cloud games, playing digital games and making purchases from its store

MPL launches Mayhem Studios to step up development of mobile games

The studio will have a team of professionals in the area of animation, art, cinematics, design, engineering, UI and UX game design and game production.

Digital marketing of unhealthy foods, online gaming driving obesity: WHO

The global health body added that while nearly 60 per cent of adults and a third of children are overweight or obese, the last two years of Covid-19 pandemic made that worse

Panel for 28% GST on casino, online gaming: West Bengal FM Bhattacharya

The report of the GoM is likely to be taken up in the next meeting of the GST Council expected later this month

GoM likely to discuss imposing flat 28% GST on online gaming

Set to meet on Monday to iron out issues, including tax ambiguities

Govt plans regulator for skill gaming industry to curb money laundering

The government is also reviewing the extant legal framework for the online skill gaming industry

Karnataka HC quashes FIR filed last year against Dream11 co-founders

In February, the Karnataka High Court struck down a state government law that banned online gambling

Netflix acquires Stranger Things game maker Next Games for $72 mn

Netflix on Wednesday announced to acquire Finland-based Next Games, developer of hugely popular Stranger Things and Walking Dead games, for $72 million

TMS Ep110: Online gaming, Kulmeet Bawa, markets, in-car payment

What's the future of online gaming with stakes? How does Kulmeet Bawa plan to double India's contribution for SAP India? What lies ahead for India Inc amid slowing Q3 earnings? What's in-car payment?

Madhya Pradesh govt to bring in law to regulate online gaming: Minister

Madhya Pradesh Minister Narottam Mishra has said that the state government will bring in an act to regulate gaming applications on mobile phones.