Indiatech.org, an industry body representing tech start-ups has prescribed to the GoM (board of State ministers) established by the GST committee that GST ought to just be applied on the platform fee charged by online skill-based games and not concerning the all-out prize pool money.
In real-money games, players need ... Read More
14
Sep2021
13
Sep2021
As Karnataka inches towards prohibiting online gambling and betting, industry groups addressing gaming start-ups are hopeful that the State Bill will make the differentiation between the game of skills and game of chance, passing by the meaning of the online game shared by Law and Parliamentary Affairs Minister, JC Madhuswamy. ... Read More
09
Sep2021
There has been a surprising growth in the gaming sector over the most recent couple of years and the pandemic became the cherry on the cake. Prior reports had recommended a heavenly growth that suggested the industry will be worth $2.8 billion by 2022, an increment of multiple folds in ... Read More
08
Sep2021
1. Introduction
The Madras High Court ("HC") recently suppressed those amendments to the Tamil Nadu Gaming Act, 1930 ("TN Act") which had forced a sweeping boycott in the State of Tamil Nadu ("State") on all games (counting online games) played for stakes. The boycott was forced recently by bringing already exempted ... Read More