On 21 August 2023, the Madras High Court resumed the hearing in the matter of the challenge against the online gaming ban. The senior counsel of AIGF, Aryama Sundaram, made rejoinder submissions. He argued that the concerns of the state government regarding regulating the time and place of operation of ...
Tag: online games
August 22, 2023Admin akads
The GST Council recently decided to levy a 28% tax on the total face value of online gaming transactions. This has caused a lot of worries among industry stakeholders, who are worried about how it could affect the industry's growth, investments, and jobs. India’s online gaming industry has seen tremendous growth ...
August 21, 2023Admin akads
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 ...
August 8, 2023Admin akads
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 ...
August 3, 2023Admin akads
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 ...
July 18, 2023Admin akads
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 ...
July 17, 2023Admin akads
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 ...
July 6, 2023Admin akads
The government will establish three self-regulatory organisations (SROs) to licence games that correspond to the country's operating requirements, according to Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology. The Indian government enacted regulations to regulate the online pay-to-earn industry, prohibiting pay-to-win games involving actual money. Rajeev Chandrasekhar, Minister of ...
May 29, 2023Roland Landers
India's top legal expert, Dr Kislay Panday, has approved the new IT regulations for online gaming. He says they'll help the industry grow and create a more structured online gaming business through self-regulated organizations. He also says the new rules will encourage fair play and make the gaming experience better, ...
May 26, 2023Roland Landers
The gaming and esports sector has been booming for a while now, and it's not going to slow down anytime soon. Thanks to new tech and how we're consuming media, it's only going to get bigger and better over the next few years. India's gaming market is estimated to be ...
May 23, 2023Roland Landers