The Web 3.0 revolution is shaking up the gaming world with a lot of advantages for game developers and gamers. Web 3.0 is the next step in the internet, and it's all based on blockchain technology, which means decentralised apps (dApps). Blockchain technology has lots of benefits, like being secure, ... Read More
08
Aug2023
08
Aug2023
New GST Rule:
The new GST rule could cost companies and gamers more money, and make online games less appealing to players. But the gaming industry may adjust to the new rules and keep growing.
What is New GST Rule?
The online gaming tax has just gone up to 28% from 18%. This ... Read More
03
Aug2023
The clarification made by the GST Council on Wednesday that a 28% tax would not be imposed on all subsequent competitions, but on the initial amount deposited by gamers on an online platform to engage in gaming activities, may provide some relief to bigger gaming companies.
Smaller startups and firms, however, ... Read More
03
Aug2023
All India Gaming Federation (AIGF) said on Wednesday that small companies involved in online pay-to-play gaming will be unable to survive under the high GST rate of 28%.
Nirmala Sitharaman, the finance minister, said that a 28% Goods and Services Tax (GST) will be applied to all online games from October ... Read More
01
Aug2023
At its next meeting, the Good and Services Tax Council is expected to set out the details of the proposed tax on online gaming, as well as define what constitutes an online gaming activity.
“What exactly would constitute online gaming for the purpose of tax is likely to be clarified by ... Read More
01
Aug2023
The Centre has made a significant decision to transfer online content providers, such as online gaming services and online advertising, to the Ministry of Information and Broadcasting (I&B), as part of the Government’s efforts to better regulate and manage the ever-changing digital environment.
The gazette notification, issued by President Draupadi Murmu ... Read More
28
Jul2023
The sports department of Madhya Pradesh's government has extended the registration date for the E-sports Jr Championship due to an overwhelming demand for admission into India's first online gaming academy. The previous deadline of July 27 has been pushed back to August 1 to accommodate the 40,000 registrations received for ... Read More
18
Jul2023
The online gaming industry in India, which was hit hard by the 28% Goods and Services Tax (GST) proposed last week by the GST Council, may have a ray of hope. The Minister of State for Electronics & Information Technology (Meity) Rajeev Chandrasekhar said that he will "request the GST ... Read More
17
Jul2023
Indian online gaming companies and associations have appealed to the government to reconsider its recent GST decision on face value. The companies claimed that the decision has put the industry in a state of “significant distress” and that it could have “devastating implications” for them, including the closure of their ... Read More
06
Jul2023
Redseer's latest report has revealed that revenue generated by Indian fantasy sports platforms during the 16th edition of the Indian Premier League (IPL) increased by 24% compared to the same period of the previous year. The total gross gaming revenue generated in IPL 2023 was Rs 2,800 Crore as compared ... Read More