Photo: Money Control
Implementation Of 28% GST On Online Gaming From Oct 1
The Government of India announced GST of 28% on Online Gaming. The tax is expected to be implemented, in effect from Oct 1. The GST Council's decision to levy 28% GST on real-money gaming came during a financial meeting, held earlier in August. The new implementation will be reviewed six months after it comes into effect, the Council decided in its meeting.
Tags: GST, online gaming, 28% Tax, GoI, business
Courtesy: The Hindu Business Line
Photo: The Times of India
Anupam Mittal Lashes At GST Of 28% On Online Gaming
The recently announced 28% GST on online gaming has disappointed many businessmen, especially those in online gaming like horse racing, and casinos. Recently, a judge of Shark Tank India said, Anupam Mittal said, "'Latest lessons - stop gaming, start building rockets, move money from crypto to tomatoes."Earlier Ashneer Grover, a startup king said, "RIP - Real money gaming industry in India." The Union Ministry imposed 28% GST on… read-more
Tags: online gaming, FINANCE MINISTRY, Anupam Mittal, shark tank India, business
Courtesy: NDTV
Photo: Deccan Herald
Goa CM Pramod Sawant To Take Measures Against Online Gaming, Gambling
After Congress MLA Sankalp Amonkar brought up the matter in the Assembly and demanded a ban on Rummy Circle, Goa Chief Minister Pramod Sawant promised measures against online gaming and gambling on July 22. Amonkar brought up the matter on Zero Hour, claiming that many young people had become dependent on playing Rummy Circle online and losing money. "It is a… read-more
Tags: Goa, Chief Minister, Pramod Sawant, Gambling, online gaming
Courtesy: Free Press Journal
