GST Council to also tax online gaming transactions in virtual digital assets at 28%
So far, lottery, betting, and gambling were classified as actionable claims. Now, horse racing and online gaming will be added.
Source: moneycontrol.com
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Experts raise alarm: GST Council's tax hike will drive users to offshore gaming platforms
India's online gaming sector has experienced remarkable growth, with over 15 billion game downloads and a user base exceeding 500 million in 2022.The industry made a significant contribution of Rs 20 billion to the government's exchequer in ...
Source: prokerala.com
GST Council likely to meet on August 2 to discuss online gaming tax treatment, law changes
The GST Council has no plans to reconsider its decision to impose 28 percent tax on online gaming, as per sources
Source: moneycontrol.com
Online Gaming At Current Growth May Lead To Rs 20,000 Crore Tax Collection In FY24: Govt
How the volumes in the online gaming behave will be known only once the higher tax rate becomes applicable.
Source: news18.com
Delta Corp investors lose Rs 1,321 crore as gaming and casino stock slips another 10%
Delta Corp stock crash today: The Delta Corp stock hit the lower circuit of 20% at Rs 197.45 on BSE. Total 2.13 lakh shares of the firm changed hands amounting to a turnover of Rs 4.46 crore.
Source: businesstoday.in