Notably, the Group of Ministers (GoM) assigned by the GST board to online gaming, casinos, and race courses is probably going to meet in mid-May to conclude their view, which is probably going to hike the GST rate from the current 18% to 28%.
The online gaming industry has moved toward ... Read More
16
May2022
16
May2022
Gaming has evolved tremendously over the last 10 years. From mobile devices that can play games to multiplayer gaming online and the introduction of augmented reality, gaming has never been bigger. But one thing has remained constant: the allure of gaming. Today, it’s not just the biggest entertainment industry in ... Read More
13
May2022
The Indian online gaming industry has drawn areas of strength from funding and private equity investors over the most recent three years, with its market size, assessed at Rs 10.1 billion and scheduled to develop to Rs 15.3 billion. With a critical population of mobile users in the 15–30 age ... Read More
12
May2022
From the banning of PUBG Mobile to the launch of VALORANT, Indian esports have witnessed huge progress this calendar year. Having said that, the expansion of real-money gaming and fantasy platforms in the sector is a significant advance that has long gone unnoticed.
While the distinction between esports, real money games, ... Read More
12
May2022
Betting is illegal in India. A few Indian states, for example, Odisha, Andhra Pradesh, and Telangana have restricted such games, referring to psychological wellness and habit-forming concerns. In others, for example, Kerala and Karnataka, courts have overturned state boycotts.
A group of petitions on the issue are forthcoming in the country's ... Read More
11
May2022
The Fitment Committee, which involves officials from different states, is going to meet this week to talk about the hike in GST on online gaming, race courses, and casinos.
"There was clear agreement in a meeting held by a group of ministers last week." "We are trusting that the board will ... Read More
10
May2022
As per reports, the Goods and Service Tax (GST) Council is probably going to consider imposing a 28% GST on cryptocurrencies and bitcoins at par with the lottery, casinos, race courses, and wagering.
CNBC-TV18 detailed that the GST Council has named a board to consider the proposition of imposing a 28% ... Read More
06
May2022
A day after the Group of Ministers (GoM) entrusted by the GST Council to inspect topics associated with the GST regime overlaying online gaming, casinos, and racecourses met, the online gaming industry has made a sturdy pitch to the public authorities in opposition to raising GST rates to defend the ... Read More
06
May2022
The Mobile Premier League (MPL), a gaming unicorn, has opened a studio to accelerate the development of AAA (high-profile) mobile games for domestic and international markets.
Mayhem Studios, a subsidiary of MPL, promises to build high-quality games using India's developer community. A team of experts in animation, art, cinematics, design, engineering, ... Read More
06
May2022
According to experts, adding non-fungible tokens (NFTs) to a funding portfolio can assist in reaching higher stability of risk and return. An NFT is a non-interchangeable unit of information saved on a blockchain, a form of a virtual ledger that may be bought or traded. It normally makes use of ... Read More